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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
- Tuesday tips round-up: Hays, Gemfields, Polymetal
9 Apr 2013 - London close: Markets hold on to gains despite shaky start in US
8 Apr 2013 - UPDATE 3-Gemfields says Zambia's ban on selling gemstones abroad may hurt revenue
8 Apr 2013 - London midday: Stocks gains ahead of US earnings season
8 Apr 2013 - CORRECTED-Gemfields says Zambia's ban on selling gemstones abroad may hurt revenue
8 Apr 2013 - Gemfields concerned with potential sale restrictions in Zambia
8 Apr 2013 - Gemfields revenue hit by fewer auctions
4 Mar 2013 - Gemfields profit falls on lower emerald sales
4 Mar 2013
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Mozambique tightens grip on mining with 15% state stake rule, local processing
* Mozambique pushing for local processing, joining African peers
Gemfields Grou. News
Tuesday tips round-up: Hays, Gemfields, Polymetal
In the price or further to go? That is the classic question asked of any stock and which investors are now asking of the country's main recruiting fir...
London close: Markets hold on to gains despite shaky start in US
UK stocks finished moderately higher on Monday, rebounding after a heavy sell-off the previous session, with markets managing to hold on to gains desp...
UPDATE 3-Gemfields says Zambia's ban on selling gemstones abroad may hurt revenue
* Zambia says auctioning of emeralds should be held in the country * Gemfields says its next auction in Lusaka in April April 8 (Reuters) - Precious s...
London midday: Stocks gains ahead of US earnings season
UK stocks were making gains on Monday morning, rebounding after a steep sell-off on Friday, as investors showed optimism ahead of the new US earnings ...
CORRECTED-Gemfields says Zambia's ban on selling gemstones abroad may hurt revenue
(Corrects company's name in paragraph 2 to Gemfields from Gemstone) April 8 (Reuters) - Precious stones miner Gemfields Plc said the Zambian governme...
Gemfields concerned with potential sale restrictions in Zambia
AIM-listed gemstone miner Gemfields could be hit by a possible ban by the Zambian government of its ability to sell stones outside of the country, the...
Gemfields revenue hit by fewer auctions
AIM-listed mining company Gemfields posted a decline in revenues for the half year ended December 31st, which pushed net profit after tax for the peri...
Gemfields profit falls on lower emerald sales
March 4 (Reuters) - Emerald miner Gemfields Plc said first-half core earnings fell 39 percent as it held just one auction during the period compared w...
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