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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 delays 2024 financial results until further notice
26 Mar 2025 - IN BRIEF: Gemfields shares up after emerald auction, improved demand
24 Feb 2025 - IN BRIEF: Gemfields hails suspension of 15% export duty on gemstones
19 Feb 2025 - Gemfields celebrates Zambia's suspension of hefty emerald export duty
19 Feb 2025 - Zambia suspends export tax on precious stones and metals
19 Feb 2025 - Gemfields reports progress in disrupted fourth quarter
31 Jan 2025 - IN BRIEF: Gemfields says Mozambique plant on budget despite unrest
31 Jan 2025 - Gemfields shares slide as Zambia reintroduces gemstone export duty
8 Jan 2025
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Gemfields Grou. News
IN BRIEF: Gemfields delays 2024 financial results until further notice
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Needs more time to finalise its full-year financial results for 2024. Sa...
IN BRIEF: Gemfields shares up after emerald auction, improved demand
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Generates USD4.8 million in revenue from auction of previously unsold em...
IN BRIEF: Gemfields hails suspension of 15% export duty on gemstones
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Says Zambia's Minister of Finance Situmbeko Musokotwane suspends 15% exp...
Gemfields celebrates Zambia's suspension of hefty emerald export duty
(Sharecast News) - Gemstone miner Gemfields has hailed the lifting of a 15% export duty that applied to emeralds from Zambia, the world's largest emer...
Zambia suspends export tax on precious stones and metals
Feb 19 (Reuters) - Zambia has suspended a 15% export tax on precious stones and metals in a bid to enhance competitiveness on the global market and ...
Gemfields reports progress in disrupted fourth quarter
(Sharecast News) - Gemfields reported total auction revenue of $196m for 2024 on Friday, as it continued to invest in the expansion of its Montepuez R...
IN BRIEF: Gemfields says Mozambique plant on budget despite unrest
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Says the construction of Montepuez Ruby Mining Ltda's second processing plan...
Gemfields shares slide as Zambia reintroduces gemstone export duty
(Sharecast News) - Gemfields shares were in the red on Wednesday morning, after the company confirmed that the Zambian government had reinstated a 15%...
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