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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
- CORRECT (Oct 20): Gemfields buys back shares for ZAR176 million
23 Oct 2023 - IN BRIEF: Gemfields buys back own shares for ZAR176 million
20 Oct 2023 - Gemfields lifts interim dividend but warns of lower full-year results
22 Sep 2023 - CORRECT: Gemfields nets USD25 million revenue from emerald auction
18 Sep 2023 - IN BRIEF: Gemfields nets USD25 million revenue from emerald auction
18 Sep 2023 - Gemfields shares fall sharply after first-half earnings warning
14 Sep 2023 - Gemfields shares drop as H1 profits sink
14 Sep 2023 - IN BRIEF: Gemfields ruby unit enters into contract to build new plant
7 Aug 2023
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Gemfields Grou. News
CORRECT (Oct 20): Gemfields buys back shares for ZAR176 million
(Correcting that buy back amount is total in programme to date.)
IN BRIEF: Gemfields buys back own shares for ZAR176 million
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Buys back 55.6 million shares at an average ZAR3.17 each, in transactions wo...
Gemfields lifts interim dividend but warns of lower full-year results
(Alliance News) - Gemfields Group Ltd on Friday reported profit for the first half of 2023 more than halved as a result mainly of lower sales.
CORRECT: Gemfields nets USD25 million revenue from emerald auction
(Correcting that the first auction recorded USD21.2 million in March, not May)
IN BRIEF: Gemfields nets USD25 million revenue from emerald auction
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Generates USD25.5 million in revenue from its third and final Kagem emerald ...
Gemfields shares fall sharply after first-half earnings warning
(Alliance News) - Gemfields Group Ltd said on Thursday it expects interim profit to tumbled by over two thirds on the back of sharply lower top-line g...
Gemfields shares drop as H1 profits sink
(Sharecast News) - Shares in Gemfields tanked on Thursday morning after the gemstones miner and Fabergé owner said both revenues and profits in ...
IN BRIEF: Gemfields ruby unit enters into contract to build new plant
Gemfields Group Ltd - London-headquartered gemstones supplier - Says its subsidiary Montepuez Ruby Mining Ltda has entered into a legally binding cont...
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