Rough rubies auction sales 93% Lot
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