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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 Makes USD16.4 Million In Auction Revenues From Lower Grade Gems
18 Nov 2013 - UK BROKER RATING CHANGES: Goldman Cuts Debenhams To Sell
18 Nov 2013 - Monday broker round-up UPDATE
11 Nov 2013 - BROKER RATING CHANGES: Canaccord Raises Moneysupermarket To Buy
6 Nov 2013 - Gemfields obtains record prices at two emerald auctions
5 Nov 2013 - Gemfields Positive On Higher Grades During Third Quarter, Despite Lower Production
5 Nov 2013 - Gemfields Receives Positive Auction Results In India
10 Oct 2013 - Friday broker round-up UPDATE
4 Oct 2013
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Gemfields Grou. News
Monday broker round-up UPDATE
Associated British Foods: Barclays downgrades to equal-weight with a target price of 2100p. Bovis Homes Group: Deutsche Bank moves target price from ...
Gemfields obtains record prices at two emerald auctions
Zambia-focused miner Gemfields saw record prices for its stones at its two most recent auctions. The predominantly higher quality emeralds sold at a...
Friday broker round-up UPDATE
Aberdeen Asset Management: JP Morgan lowers target price from 523p to 509p maintaining an overweight rating. Admiral Group: Canaccord Genuity cuts ta...
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