Latest Share Chat

REMOVE ADS

Gemfields Grou. Share News (GEM)

Gemfields Grou. Information

Share Price Information for Gemfields Grou. (GEM)

Share Price is delayed by 15 minutes

Get Live Data

4.10 0.00 (0.00%)

Bid:

3.70

Ask:

4.50

Spread: 0.80 (21.622%)

Market Cap: £70.69m

Last checked at -

Intraday Gemfields Grou. Share Chart

REMOVE ADS

IN BRIEF: Gemfields gets USD11 million from ruby auction in Bangkok

Mon, 06th Oct 2025 10:41

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