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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
- STOCKS NEWS EUROPE-UK small caps off 0.3 pct in morning trade
31 Jan 2013 - Gemfields quarterly production rises on higher emerald grades
30 Jan 2013 - Fabergé shareholders approve merger with Gemfields subsidiary Runway SPV
20 Dec 2012 - Gemfields acquires 75 per cent stake in Mozambican ruby mine
7 Dec 2012 - Monday newspaper round-up: Barclays, Taxes, Gemfields,
26 Nov 2012 - Gemfields proposes acquisition of luxury jewellery company
21 Nov 2012 - Sector movers: Miners gain on Chinese stimulus hopes
9 Oct 2012 - Gemfields profits leap as sales double
9 Oct 2012
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* Mozambique pushing for local processing, joining African peers
Gemfields Grou. News
STOCKS NEWS EUROPE-UK small caps off 0.3 pct in morning trade
UK small caps fall 0.3 percent in early trade, outperforming bigger falls by the mid caps ...
Gemfields quarterly production rises on higher emerald grades
Jan 30 (Reuters) - Emerald miner Gemfields Plc said production in the second quarter rose 69 percent owing to higher grades recovered at its Kagem min...
Fabergé shareholders approve merger with Gemfields subsidiary Runway SPV
AIM-listed mining company Gemfields has announced an update on the proposed acquisition of high-end jewellery firm Fabergé. At Fabergé's general meet...
Gemfields acquires 75 per cent stake in Mozambican ruby mine
AIM-listed mining company Gemfields gas has snapped up a 75 per cent stake in a Mozambican ruby project. The company, which has a market capitalisati...
Monday newspaper round-up: Barclays, Taxes, Gemfields,
Some of Barclays's biggest investors have urged Antony Jenkins, the bank's new chief executive, to take an axe to its investment bank. At meetings wit...
Gemfields proposes acquisition of luxury jewellery company
Gemfields, a gemstone miner and marketing company, is proposing to acquire the entire issued share capital of luxury jewellery company Fabergé by way ...
Sector movers: Miners gain on Chinese stimulus hopes
The mining sector shrugged off some disappointing growth figures out from the International Monetary Fund (IMF) on Tuesday to trade broadly higher on ...
Gemfields profits leap as sales double
Gemfields, the AIM-listed emerald miner, posted a 140 per cent leap in profit before tax and exceptional items for the year ended June 30th after reve...
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