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Gemfields first ruby auction generates $33.5 mln
June 18 (Reuters) - Precious stones miner Gemfields Plc said its inaugural ruby and corundum auction held inSingapore generated revenue of $33.5 million.
Gemfields, which mines rubies from its Montepuez deposit inMozambique, said the average realised price was $18.43 per caratfor the auction held during June 12-17.
Aggregate consolidated revenue from rough gemstone sales forthe year ending June 30 now exceeded $143 million, the companysaid. The London-listed miner produces about a fifth of theworld's rough emeralds. (Reporting by Karen Rebelo in Bangalore; Editing by GopakumarWarrier)
Latest GEM News
- BROKER RATINGS SUMMARY: Liberum Downgrades Property Stocks
4 Jul 2016 - LONDON BRIEFING: IAG Shares Sold Amid Spanish Probe Into Vueling
4 Jul 2016 - Gemfields Secures USD65 Million Of Financing For Ruby Operations
4 Jul 2016 - Gemfields Launches Global Marketing Campaign For Montepuez Rubies
23 Jun 2016 - London midday: Financials pace gains as Footsie keeps climbing
20 Jun 2016 - Gemfields' Mozambique ruby auction raises $44.3m
20 Jun 2016 - Gemfields Generates USD44.3 Million From Singapore Rubies Auction
20 Jun 2016 - Gemfields Generates USD14.3 Million From Jaipur Emerald Auction
23 May 2016
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Gemfields Grou. News
London midday: Financials pace gains as Footsie keeps climbing
(ShareCast News) - Stocks in London were continuing to move higher come midday on Monday, alongside the largest gain the pound in three months, with i...
Gemfields' Mozambique ruby auction raises $44.3m
(ShareCast News) - Gemfields, a British supplier of responsibly sourced coloured gemstones, reported record total revenues of $44.3m at a recent aucti...
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