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Gemfields has reported record revenues from the auction of rough ruby extracted by 75%-owned Montepuez Ruby Mining at the Montepuez ruby deposit in Mozambique.

The auction was held in Singapore from 10 to 14 June and was the second ruby and final auction of this financial year.

Highlights

  • Record auction revenues of USD 54.8 million, an all-time high for any Gemfields auction;
  • Of the 83 lots offered, 78 were sold;
  • Average realised price of USD 61.13 per carat;
  • 895,848 carats sold (85% by weight or 98% by market value) out of the total of 1,048,687 carats offered

Read more here.

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The ICA is a worldwide body specifically created to benefit the global colored gemstone industry by advancing and promoting the knowledge and appreciation of colored gemstones.
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