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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 forms jv to explore gemstones in Sri Lanka
15 Sep 2014 - Gemfields Reports Good Revenue From August Auction
11 Aug 2014 - Gemfields hails "momentous quarter" after inaugural auction
7 Aug 2014 - Gemfields Production Falls In Quarter, With Revenue Down At Faberge
7 Aug 2014 - Thursday broker round-up UPDATE
7 Aug 2014 - Wednesday broker round-up UPDATE
18 Jun 2014 - Gemfields Nets USD33.5 Million From Rough Ruby And Corundum Auction
18 Jun 2014
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Gemfields Grou. News
Gemfields forms jv to explore gemstones in Sri Lanka
Sept 15 (Reuters) - Gemfields Plc, which produces about a fifth of the world's rough emeralds, said it had formed a joint venture to explore sapphire ...
Gemfields hails "momentous quarter" after inaugural auction
Gemfields enjoyed a strong final quarter, during which the company held the first ever auction of rubies from its mine in Mozambique, the mining firm ...
Thursday broker round-up UPDATE
Afren: Oriel cuts target price from 145p to 125p, while upgrading from hold to buy. Canaccord Genuity moves from hold to a speculative buy with a targ...
Wednesday broker round-up UPDATE
Ashtead Group: Barclays ups target price from 930p to 946p retaining its overweight rating. Berkeley Group: Numis upgrades from hold to buy with a ta...
Gemfields Nets USD33.5 Million From Rough Ruby And Corundum Auction
LONDON (Alliance News) - Gemfields PLC Wednesday saw total revenues of USD33.5 million from its inaugural auction of rough ruby and corundum in Singap...
Gemfields first ruby auction generates $33.5 mln
June 18 (Reuters) - Precious stones miner Gemfields Plc said its inaugural ruby and corundum auction held in Singapore generated revenue of $33.5 mil...
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