Coloured gemstone specialist Gemfields sold US$72 million worth of rough rubies at an auction in Singapore, representing an all-time record for the company. Gemfields, a 100-percent owned subsidiary of Pallinghurst, offered a total of 86 lots of Mozambique rubies, of which 82 were auctioned off. The average price was pegged at US$122 per carat, a […]
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]]>London–Its first auction of the year helped Gemfields’ Kagem emerald mine surpass the $500 million revenue mark. The auction of predominantly commercial-quality rough emerald mined in Zambia was held in Jaipur, India, from Feb. 19 to 22 and totaled $10.8 million. Both Gemfields and local news reported that bidding was lighter than normal, with some […]
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