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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
- Emerald miner Gemfields rakes in $31.5 million at Lusaka auction
22 Jul 2013 - UPDATE 1- Auction delay to hurt Gemfields full-year revenue
1 Jul 2013 - STOCKS NEWS EUROPE-UK small caps up 0.2 pct, underperform market
1 Jul 2013 - Gemfields estimates full-year auction revenue to fall 46 pct
1 Jul 2013 - Tuesday broker round-up UPDATE
11 Jun 2013 - Tuesday tips round-up: Xaar, AstraZeneca, Gemfields
11 Jun 2013 - STOCKS NEWS EUROPE-UK small stocks outperform larger caps
31 May 2013 - Emerald miner Gemfields reports 7 pct fall in prices at Lusaka auction
22 Apr 2013
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Gemfields Grou. News
Emerald miner Gemfields rakes in $31.5 million at Lusaka auction
July 22 (Reuters) - Emerald miner Gemfields Plc said it sold a little over half a million carats of rough stones at its first high-quality emerald auc...
UPDATE 1- Auction delay to hurt Gemfields full-year revenue
July 1 (Reuters) - Gemfields Plc, a Zambia-focused precious stones miner, estimated a 46 percent fall in full-year auction revenue as it delayed its r...
STOCKS NEWS EUROPE-UK small caps up 0.2 pct, underperform market
UK small caps are up 0.1 percent, underperforming a 0.4 percent stronger AIM index and a 0.9 percent advance recorded by the mid-caps. The Daily Mail ...
Gemfields estimates full-year auction revenue to fall 46 pct
July 1 (Reuters) - Precious stones miner Gemfields Plc said its auction of emeralds would take place a month later than originally planned and that t...
Tuesday broker round-up UPDATE
AG Barr: Investec cuts target price from 591p to 581p, while upgrading from add to buy. Canaccord Genuity upgrades to buy with its target price at 570...
Tuesday tips round-up: Xaar, AstraZeneca, Gemfields
Since having floated itself back in 1996 at about a quid, inkjet printing technology outfit Xaar has metamorphosed into the market leader for the digi...
STOCKS NEWS EUROPE-UK small stocks outperform larger caps
The FTSE Small Caps Index and the junior FTSE AIM All-Share Index close 0.1 percent lower, outperforming blue-chips, down 1.1 percent, and mid-caps, ...
Emerald miner Gemfields reports 7 pct fall in prices at Lusaka auction
By Brenton Cordeiro April 22 (Reuters) - Emerald miner Gemfields Plc reported a 7 percent decline in average per-carat prices at its lower-quality ge...
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