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Share Price Information for Gemfields Grou. (GEM)
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Intraday Gemfields Grou. Share Chart
IN BRIEF: Gemfields ruby auction robust demand despite tariff woes
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Generates revenue of USD7.2 million at an auction of rough rubies held from Monday to Friday last week. Says 20 of the 21 lots on offer were sold, and 73% of the 250,004 carats on offer were sold. Average sales price is USD39.47 per carat. Rubies had been extracted by Gemfields' 75%-held Montepuez Ruby Mining Ltda in Mozambique.
"The auction saw strong attendance and robust demand, providing a timely affirmation of the state of the ruby market against the backdrop of tariff-induced uncertainty in global markets," says Adrian Banks, Gemfields' managing director of product & sales.
Stock price in Johannesburg: ZAR1.10
12-month change: down 59%
Stock price in London: 4.20 pence
12-month change: down 64%
By Artwell Dlamini, Alliance News reporter
Comments and questions to newsroom@alliancenews.com
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Latest GEM News
- Gemfields shares tumble as CEO Sean Gilbertson exits amid challenges
1 day ago - Gemfields generates $23.1m in auction, warns of Montepuez issues
1 day ago - Mozambique's new mine ownership rules could deter foreign investment, industry body says
18 Jun 2026 - UK shareholder meetings calendar - next 7 days
16 Jun 2026 - Mozambique tightens grip on mining with 15% state stake rule, local processing
4 Jun 2026 - Latest Gemfields emerald auction generates $26.8m
22 May 2026 - IN BRIEF: Gemfields emerald revenue falls amid caution, Mideast crisis
22 May 2026 - IN BRIEF: Gemfields mines deliver mixed G-factor for natural resources
9 Apr 2026
Related News
Gemfields shares tumble as CEO Sean Gilbertson exits amid challenges
(Alliance News) - Gemfields Group Ltd said on Tuesday Chief Executive Officer Sean Gilbertson will step down, with effect from July 15.
Gemfields generates $23.1m in auction, warns of Montepuez issues
(Sharecast News) - Gemfields said on Tuesday that its first Trade Select ruby auction generated $23.1m, although it warned that lower grades, plant co...
Mozambique's new mine ownership rules could deter foreign investment, industry body says
VICTORIA FALLS, Zimbabwe, June 18 (Reuters) - Mozambique's new law requiring the state to have a 15% stake in all mining ventures could deter forei...
Gemfields Grou. News
Gemfields shares tumble as CEO Sean Gilbertson exits amid challenges
(Alliance News) - Gemfields Group Ltd said on Tuesday Chief Executive Officer Sean Gilbertson will step down, with effect from July 15.
Gemfields generates $23.1m in auction, warns of Montepuez issues
(Sharecast News) - Gemfields said on Tuesday that its first Trade Select ruby auction generated $23.1m, although it warned that lower grades, plant co...
Mozambique's new mine ownership rules could deter foreign investment, industry body says
VICTORIA FALLS, Zimbabwe, June 18 (Reuters) - Mozambique's new law requiring the state to have a 15% stake in all mining ventures could deter forei...
Mozambique tightens grip on mining with 15% state stake rule, local processing
* Mozambique pushing for local processing, joining African peers
Latest Gemfields emerald auction generates $26.8m
(Sharecast News) - Gemfields said on Friday that its latest auction of higher-quality emeralds generated $26.8m, with demand described as stable but c...
IN BRIEF: Gemfields emerald revenue falls amid caution, Mideast crisis
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Says revenue generated from an emerald auction held in Bangkok from May ...
IN BRIEF: Gemfields mines deliver mixed G-factor for natural resources
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Confirms that its "G-factor for natural resources" for its 75%-held Zamb...
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