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The July’s Birthstone! This month at Gemfields we are celebrating vibrant red rubies – the birthstone for the month of July. Long associated with passion, prosperity and protection – and, of course, with the sunny days of summer – rubies are special indeed. Formed deep beneath the earth’s surface some 500 million years ago, they are the rarest and most valuable of coloured gemstones, and often cost more per carat than diamonds. Their name deriving from the Latin “ruber”, or red, rubies have been adored by everyone from the ancient Chinese who revered the “lucky” colour red, to Hindu cultures who described them as “the king of gemstones” in early Sanskrit texts, to the Hollywood A-listers who wore them in such abundance at this year’s awards season that they gave new meaning to the words “red carpet”! Margot Robbie, Jennifer Lopez and Sandra Bullock are just a few of those lucky enough to have rubies as their birthstone. “There is no coloured gemstone that fuels pass...

Gemfields auction sales 962,211 carats Mozambican ruby fetches USD 51.99 per carat Gemfields announces the results of an auction of rough rubies in Singapore from 11 – 15 June 2019 & says, Ruby Auction had consisted of the 90 lots which were offered and 84 lots were sold that is equal to 93% with an Average price of USD 51.99 per carat. All together, the auction of rough rubies that 962,211 carats sold out of the 978,197 carats were offered shows an effective result 98% and that auction revenues being fetches of USD 50.0 million. One lot set a new all-time price-per-carat record for any Gemfields auction; and the twelve Gemfields auctions of MRM rubies held since June 2014 have generated USD 512.6 million in aggregate revenues. Gemfields’ twelfth auction of rough rubies from Montepuez saw 48 companies placing bids. The auction offered high, medium and commercial grade rough rubies, exclusively in untreated form. The consistency of supply and the reliability of ...