Gemfields mixed-quality rubies auction 62%
At US$ 59.43 per carat, Gemfields earns US$ 11 million Gemfields announces the results of a mini-auction of Mozambican rough rubies from Montepuez Ruby Mining (MRM) held via online bidding after viewings in Bangkok, Thailand from 29 September to 3 October 2025 . According to the highlights of Mini Mixed-Quality Ruby Auction , for the September - October 2025 are; 1: Auction revenues of USD 11.0 million, 2: 26 of the 33 lots on offer were sold, 3: 62% of the 297,449 carats on offer were sold & 4: Average realised price of USD 59.43 per carat. Adrian Banks , Gemfields’ Managing Director of Product & Sales, commented, “This mini-auction primarily featured medium and commercial grades of secondary material sourced from a recently developed mining area in, the Maninge Nice ; domain and where our processing activities have been concentrated in recent months. We are encouraged by both the results and the strong customer enga...