IN BRIEF: Gemfields generates ruby auction revenue of USD53 million
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Generates revenue of USD53 million at an auction of rough rubies held this month. This is the first auction to include material from Montepuez Ruby Mining Ltda's second processing plant. Gemfields owns 75% Montepuez Ruby Mining in Mozambique. The last ruby sale was held in June 2025, when Gemfields earned USD31.7 million in revenue, down from USD68.7 million in June 2024. In December 2024, revenue was USD46.2 million. The December 2025 auction was deferred. Read More