Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Gemfields first ruby auction generates $33.5 mln

Wed, 18th Jun 2014 06:30

June 18 (Reuters) - Precious stones miner Gemfields Plc said its inaugural ruby and corundum auction held inSingapore generated revenue of $33.5 million.

Gemfields, which mines rubies from its Montepuez deposit inMozambique, said the average realised price was $18.43 per caratfor the auction held during June 12-17.

Aggregate consolidated revenue from rough gemstone sales forthe year ending June 30 now exceeded $143 million, the companysaid. The London-listed miner produces about a fifth of theworld's rough emeralds. (Reporting by Karen Rebelo in Bangalore; Editing by GopakumarWarrier)

Related Shares

More News
25 Mar 2024 08:18

Gemfields annual profit tumbles after scrapping auction, write-down

(Alliance News) - Gemfields Group Ltd reported on Monday it had slashed its dividend after profit dived due to a write-down on its platinum group meta...

22 Mar 2024 16:35

Gemfields set to swing to loss in 2023

(Sharecast News) - Coloured gemstone specialist Gemfields said in a trading update on Friday that its two primary operating assets, Kagem and MRM, con...

22 Mar 2024 15:16

UK earnings, trading statements calendar - next 7 days

22 Mar 2024 08:32

Gemfields expects to swing to annual loss on write-down, lower output

(Alliance News) - Gemfields Group Ltd warned on Friday it expects to swing to an annual loss after a platinum group metals write-down and the withdraw...

29 Jan 2024 10:03

IN BRIEF: Gemfields auction revenue slumps 23% in 2023 after record

Gemfields Group Ltd - London-headquartered gemstones producer - Posts a 23% drop in auction revenue to USD242 million in 2023 from USD316 million in 2...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.