(Correcting that revenue also includes ruby auctions and Faberge; not just emerald auctions.)
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Records total auction revenue of USD145 million for the six months that ended June 30, the third highest half-year in its history. Revenue included contributions from emerald and ruby auctions, and Faberge. Gemfields says strong auction revenues and pricing continue, including the highest-ever revenue earned from a Kagem emerald auction last month. Reports net cash of USD62 million plus auction receivables of USD64 million as at June 30. Says it remains in a strong position after paying a USD35 million dividend to shareholders in May. Auction figures have been produced on a monthly basis for Gemfields' 75%-owned Kagem emerald mine in Zambia, its 75%-owned Ruby Mining Ltda in Mozambique and Faberge, the iconic luxury brand.
Current London stock price: 16.12 pence, up 2.4% on Monday
12-month change: up 14%
Current Johannesburg stock price: ZAR3.60, unchanged
12-month change: up 24%
By Artwell Dlamini, Alliance News reporter
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Gemfields Grou. (GEM)