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 six months that ended June 30. 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, its 75%-owned Montepuez ruby mine and Faberge, the iconic luxury brand.

London stock price close on Friday: 15.97 pence

12-month change: up 14%

Johannesburg stock price: ZAR3.60

12-month change: up 30%

By Artwell Dlamini, Alliance News reporter

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Gemfields Grou.