IN BRIEF: Gemfields issues Mozambique warning after positive ruby sale
Gemfields Group Ltd - London-headquartered gemstones miner and marketer - Generates revenue of USD46.2 million at a mixed-quality rough ruby auction held between November 25 and Wednesday this week. This was down by about one-third from revenue of USD69.5 million reported around the same period in 2023. At a ruby auction in June 2024, USD68.7 million was recorded. Rubies were extracted by its 75%-held Montepuez Ruby Mining Ltda in Mozambique. Read More