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Gemfields Notes Record Revenues From Recent Auction
LONDON (Alliance News) - Gemfields PLC Wednesday said it has continued to achieve strong revenues after its Zambian auction of predominantly higher quality rough emerald and beryl from February 21 to 25.
The rare coloured gemstones mining company, with operations in Zambia and 100% ownership of Faberge Limited, said it achieved record revenues of USD36.5 million at the sale with an auction record average price of USD59.31 per carat.
The company said that of the 840,000 carats offered at the auction, 620,000 carats were sold.
Gemfields added that the 15 auctions held since July 2009 have generated USD260 million in total revenues and financial year to date revenues stand at USD92.9 million.
Gemfields shares were up 1.8% to 36.12 pence Wednesday.
By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Latest GEM News
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2 days ago - Mozambique tightens grip on mining with 15% state stake rule, local processing
4 Jun 2026 - Latest Gemfields emerald auction generates $26.8m
22 May 2026 - IN BRIEF: Gemfields emerald revenue falls amid caution, Mideast crisis
22 May 2026 - IN BRIEF: Gemfields mines deliver mixed G-factor for natural resources
9 Apr 2026 - Gemfields focuses on rebuilding after suffers another annual loss
26 Mar 2026 - Gemfields guides reduced annual loss amid signals of price improvement
24 Mar 2026 - UK earnings, trading statements calendar - next 7 days
19 Mar 2026
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Gemfields Grou. News
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