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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
- IN BRIEF: Gemfields emerald revenue up sharply after September auction
12 Sep 2025 - IN BRIEF: Gemfields completes USD50 million sale of Faberge
1 Sep 2025 - London close: Stocks mixed ahead of crucial jobs data
11 Aug 2025 - AIM WINNERS & LOSERS: Mobile Tornado drops 40% as plans de-listing
11 Aug 2025 - LONDON MARKET OPEN: Stocks mixed as eyes turn to US inflation data
11 Aug 2025 - Gemfields to sell Faberge to SMG Capital for $50m
11 Aug 2025 - IN BRIEF: Gemfields to sell luxury brand Faberge for USD50 million
11 Aug 2025 - IN BRIEF: Gemfields shares rise despite 50% drop in auction revenue
31 Jul 2025
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Gemfields Grou. News
IN BRIEF: Gemfields emerald revenue up sharply after September auction
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Generates revenue of USD32.0 million at an emerald auction held between ...
IN BRIEF: Gemfields completes USD50 million sale of Faberge
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Confirms that it completed the disposal of Faberge Ltd to SMG Capital LL...
London close: Stocks mixed ahead of crucial jobs data
(Sharecast News) - London stocks ended Monday mixed as optimism over a potential resolution to the Ukraine conflict was tempered by caution ahead of k...
AIM WINNERS & LOSERS: Mobile Tornado drops 40% as plans de-listing
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Monday.
LONDON MARKET OPEN: Stocks mixed as eyes turn to US inflation data
(Alliance News) - Equities in Europe opened mixed on Monday, with the FTSE 100 outperforming, ahead of key US data on Tuesday and talks between Donald...
Gemfields to sell Faberge to SMG Capital for $50m
(Sharecast News) - Gemfields said on Monday that it has agreed to sell iconic luxury brand Fabergé to SMG Capital LLC for $50m.
IN BRIEF: Gemfields to sell luxury brand Faberge for USD50 million
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Agrees to sell its entire interest in luxury brand Faberge Ltd to SMG Ca...
IN BRIEF: Gemfields shares rise despite 50% drop in auction revenue
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Total auction revenue is USD60 million for the first half of 2025, halve...
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