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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
- Gemfields Kagem Production Falls But Rises At Montepuez
4 May 2016 - BROKER RATINGS SUMMARY: RBC Downgrades Burberry To Underperform
7 Apr 2016 - Gemfields reveals promising auction results
4 Apr 2016 - Gemfields Sells USD33.3 Million In Emeralds And Amethyst At Auction
4 Apr 2016 - Gemfields earnings down as company spreads its income
22 Feb 2016 - Gemfields Profit Halves And Revenue Dips Against Tough Comparatives
22 Feb 2016 - Emeralds, Faberge carry Gemfields in second quarter
16 Feb 2016 - Gemfields Second Quarter Emerald Production Up, But Rubies Lower
16 Feb 2016
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Gemfields Grou. News
Gemfields reveals promising auction results
(ShareCast News) - Gemfields revealed promising results on Monday from a recent auction of predominantly higher quality rough emerald extracted by Kag...
Gemfields earnings down as company spreads its income
(ShareCast News) - A better-planned spread of income saw revenues and earnings drop significantly at Gemfields in the six months to 31 December, thoug...
Emeralds, Faberge carry Gemfields in second quarter
(ShareCast News) - Numbers were up at Gemfields' emeralds and luxury goods businesses in the second quarter of its financial year, but production in i...
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