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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
- Gemfields annual profit tumbles after scrapping auction, write-down
25 Mar 2024 - Gemfields set to swing to loss in 2023
22 Mar 2024 - UK earnings, trading statements calendar - next 7 days
22 Mar 2024 - Gemfields expects to swing to annual loss on write-down, lower output
22 Mar 2024 - IN BRIEF: Gemfields auction revenue slumps 23% in 2023 after record
29 Jan 2024 - IN BRIEF: Gemfields shares rise after "decidedly healthy" ruby auction
6 Dec 2023 - Directors dealings: Assore International ups stake in Gemfields further
2 Nov 2023 - IN BRIEF: Gemfields completes USD10 million share buyback programme
23 Oct 2023
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Gemfields Grou. News
Gemfields annual profit tumbles after scrapping auction, write-down
(Alliance News) - Gemfields Group Ltd reported on Monday it had slashed its dividend after profit dived due to a write-down on its platinum group meta...
Gemfields set to swing to loss in 2023
(Sharecast News) - Coloured gemstone specialist Gemfields said in a trading update on Friday that its two primary operating assets, Kagem and MRM, con...
Gemfields expects to swing to annual loss on write-down, lower output
(Alliance News) - Gemfields Group Ltd warned on Friday it expects to swing to an annual loss after a platinum group metals write-down and the withdraw...
IN BRIEF: Gemfields auction revenue slumps 23% in 2023 after record
Gemfields Group Ltd - London-headquartered gemstones producer - Posts a 23% drop in auction revenue to USD242 million in 2023 from USD316 million in 2...
IN BRIEF: Gemfields shares rise after "decidedly healthy" ruby auction
Gemfields Group Ltd - gemstones producer in Mozambique and Zambia and owner of luxury brand Faberge - Generates revenue of USD69.5 million from its ru...
Directors dealings: Assore International ups stake in Gemfields further
(Sharecast News) - Gemfields announced that Assore International Holdings had further increased its stake in the emeralds and rubies miner.
IN BRIEF: Gemfields completes USD10 million share buyback programme
Gemfields Group Ltd - gemstones producer in Mozambique and Zambia and owner of luxury brand Faberge - Completes USD10 million share buyback programme ...
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