Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Generates $2.3 million in revenue, up 53% from $1.5 million at an auction of rubies extracted by its 75%-held Montepuez Ruby Mining Ltda in Mozambique. The sale took place from Monday to Wednesday. All of the 5.7 million carats offered in 10 lots were sold, Gemfields says, at an average sales price of 41 US cents per carat.
‘Despite the commercial nature of these goods, the auction saw strong attendance and robust demand. The significant volume of the lower-priced rough sold, will support the factories in the cutting centres of Chanthaburi, Thailand and Jaipur, India,’ says Adrian Banks, managing director of product & sales.
London stock price: 11.35 pence, down 1.3% early Thursday
12-month change: down 27%
Johannesburg stock price: R 2.79, up 6.9%
12-month change: down 21%
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