IN BRIEF: Gemfields annual auction revenue slumps to USD129 million
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Says auction revenue drops 34% to USD129 million in 2025 from USD196 million in 2024, and drops 47% from USD242 million in 2023. Notes that the second processing plant at Montepuez Ruby Mining Ltda in Mozambique is now in its final commissioning stage, with the project being delivered materially on budget. Expects commissioning to be completed "imminently". Says it looks forward to introducing the first rubies produced by this plant to the market at the February 2026 mixed-quality ruby auction. Read More