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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: Gemfields posts interim auction revenue of USD145 million
31 Jul 2023 - IN BRIEF: Gemfields posts third highest emerald auction revenue
31 Jul 2023 - Gemfields ruby auction revenue up 20% as market fires on all cylinders
21 Jun 2023 - UK shareholder meetings calendar - next 7 days
20 Jun 2023 - IN BRIEF: Gemfields gets record revenue and price at emerald auction
2 Jun 2023 - IN BRIEF: Gemfields records USD21.2 million in revenue at emerald sale
27 Mar 2023 - Gemfields hails 'remarkable' year as profits shine
24 Mar 2023 - Gemfields annual revenue hits record in 2022 on strong gemstone demand
24 Mar 2023
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Gemfields Grou. News
CORRECT: Gemfields posts interim auction revenue of USD145 million
(Correcting that revenue also includes ruby auctions and Faberge; not just emerald auctions.)
IN BRIEF: Gemfields posts third highest emerald auction revenue
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Records its third highest emerald auction revenue of USD145 million for the ...
Gemfields ruby auction revenue up 20% as market fires on all cylinders
(Alliance News) - Gemfields Group Ltd on Wednesday reported higher revenue at its latest ruby auction as the market fired "on all twelve cylinders".
IN BRIEF: Gemfields gets record revenue and price at emerald auction
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Second auction in 2023 generates record revenue of USD43.7 million. The emer...
IN BRIEF: Gemfields records USD21.2 million in revenue at emerald sale
Gemfields Group Ltd - London-headquartered gemstones supplier - Says its first emerald auction for 2023 generated revenue of USD21.2 million at a sale...
Gemfields hails 'remarkable' year as profits shine
(Sharecast News) - Faberge owner Gemfields Group reported record revenues on Friday, as trading continued to recover post pandemic.
Gemfields annual revenue hits record in 2022 on strong gemstone demand
(Alliance News) - Gemfields Group Ltd on Friday reported that its performance in 2022 was "remarkable", as the coloured gemstone market returned to no...
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