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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 picks Louis du Preez as non-executive director
25 Jun 2025 - Gemfields says new plant to produce first rubies by August
20 Jun 2025 - Gemfields holds up completion of ruby plant construction in Mozambique
20 Jun 2025 - UK shareholder meetings calendar - next 7 days
18 Jun 2025 - Gemfields generates $31.7m revenue from latest auction
16 Jun 2025 - Gemfields maintains rubies' resilience though auction revenue lower
16 Jun 2025 - IN BRIEF: Gemfields rises USD30 milion after equity rights issue
13 Jun 2025 - IN BRIEF: Gemfields confirms G-factor for Montepuez and Kagem mines
4 Jun 2025
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Gemfields Grou. News
IN BRIEF: Gemfields picks Louis du Preez as non-executive director
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Appoints Louis du Preez as a non-executive director, with immediate effe...
Gemfields says new plant to produce first rubies by August
(Sharecast News) - London-listed Gemfields Group said on Friday that a second plant at its Mozambique mine was on track to start producing rubies late...
Gemfields holds up completion of ruby plant construction in Mozambique
(Alliance News) - Gemfields Group Ltd on Friday said it has delayed the completion of its second ruby plant in Mozambique, citing work permit difficul...
Gemfields generates $31.7m revenue from latest auction
(Sharecast News) - Gemfields said in an update on Monday that it generated $31.7m in revenue from its latest auction of mixed-quality rough rubies, he...
Gemfields maintains rubies' resilience though auction revenue lower
(Alliance News) - Gemfields Group Ltd on Monday reported USD31.7 million in revenue from the auction of mixed-quality rubies in June, down from GBP68....
IN BRIEF: Gemfields rises USD30 milion after equity rights issue
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Raises USD30 milion, about ZAR538.3 million, after equity rights issue. ...
IN BRIEF: Gemfields confirms G-factor for Montepuez and Kagem mines
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Says the "G-factor for natural resources" figures for the Kagem emerald ...
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