trending Market Intelligence /marketintelligence/en/news-insights/trending/wcu5cnxbo1dsoxmooaln-a2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Gemfields rough ruby auctions generate US$30.4M in revenues

L.K. Bennett: Bankruptcy Case Study

State Of Singapore Online Video Subscription

Power Forecast Briefing: Capacity Shortfalls to Test the Renewable Energy Transition

Episode 43 - More Change, M&A On Horizon For Equity Research Industry


Gemfields rough ruby auctions generate US$30.4M in revenues

Gemfields Plc generated revenues of US$30.4 million from its auction of rough rubies held in Singapore, which returned an average realized price of US$27.79 per carat.

The company sold 1,094,406 carats, about 80% of the 1,372,145 carats offered, according to a Dec. 19 release.

The seven Montepuez auctions held since June 2014 have generated US$225.7 million in revenues.

Gemfields' ruby and corundum output jumped to 4.5 million carats in the third quarter this year, up from 500,000 carats in the same period of 2015, as a result of processing higher-grade, lower-value amphibolite resources.

The rubies are extracted by the company's 75%-owned Montepuez Ruby Mining from its Montepuez ruby deposit in Mozambique.