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Share Price Information for Gemfields Grou. (GEM)
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Intraday Gemfields Grou. Share Chart
IN BRIEF: Gemfields gets USD11 million from ruby auction in Bangkok
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - 'Mini-auction' of Mozambican rough rubies from Montepuez Ruby Mining Ltda raises USD11.0 million in revenue. The auction was held in Bangkok on Monday to Friday last week. Gemfields says 62% of the 297,449 carats of rubies on offer were sold at an average price of USD59.43 per carat. MRM is 70% owned by Gemfields and 30% by Mozambican partner Mwiriti Ltda.
"This mini-auction primarily featured medium and commercial grades of secondary material sourced from a recently developed mining area in the 'Maninge Nice' domain and where our processing activities have been concentrated in recent months," explains Adrian Banks, managing director of Product & Sales. "We are encouraged by both the results and the strong customer engagement, reflecting growing interest in this new material."
Current stock price in London: 6.00 pence, down 2.0% on Monday
12-month change: down 49%
Current stock price in Johannesburg: ZAR1.39, down 3.5%
12-month change: down 47%
By Tom Waite, Alliance News editor
Comments and questions to newsroom@alliancenews.com
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Latest GEM News
- IN BRIEF: Gemfields interim auction revenue down 17% to USD121 million
26 Jul 2024 - IN BRIEF: Gemfields ruby revenue down amid headwinds after auction
19 Jun 2024 - UK shareholder meetings calendar - next 7 days
18 Jun 2024 - UK dividends calendar - next 7 days
17 Jun 2024 - Gemfields picks ex-De Beers chief executive Bruce Cleaver as new chair
11 Jun 2024 - IN BRIEF: Gemfields test shows noteworthy gold deposits in Mozambique
6 Jun 2024 - IN BRIEF: Gemfields lauds robust emerald auction despite softer market
31 May 2024 - UK dividends calendar - next 7 days
30 May 2024
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Gemfields Grou. News
IN BRIEF: Gemfields interim auction revenue down 17% to USD121 million
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Reports a 17% decline in auction revenue to USD121 million for the first six...
IN BRIEF: Gemfields ruby revenue down amid headwinds after auction
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Generates USD68.7 million in revenue from auction of rubies from the Montepu...
UK dividends calendar - next 7 days
Gemfields picks ex-De Beers chief executive Bruce Cleaver as new chair
(Alliance News) - Gemfields Group Ltd announced on Tuesday that former De Beers boss Bruce Cleaver will become its new chair from next month.
IN BRIEF: Gemfields test shows noteworthy gold deposits in Mozambique
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Reports that a maiden mineral resource estimate infers "noteworthy" gold dep...
IN BRIEF: Gemfields lauds robust emerald auction despite softer market
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Generates USD35.0 million in revenue from an emerald auction that took place...
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