Coloured gemstone specialist Gemfields plc raised US$55 million from the sale of Montepuez rubies in Singapore from November 6 to 10, Pallinghurst announced recently. A total of 76 lots comprising of rubies extracted by Montepuez Ruby Mining Limitada were offered; 71 of which or 93 percent, were sold. The nine Montepuez auctions held since June […]

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London–Gemfields held its first emerald auction since Pallinghurst took over this summer, and reported strong results. The auction of higher-quality rough emeralds was held in Lusaka, Zambia from Oct. 2 to 5. Revenues from the sale were $21.5 million, with an average price per carat of $66.21, the second highest ever achieved by the gemstone […]

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