Gemfields sold 87% lots of Mixed-Quality Rubies
99830 carats were offered & 68705 carats; i.e. 69% auctioned Gemfields announced the auction result of the Mixed-Quality Rubies and according to the key highlights, the Mixed-Quality Ruby Auction for the month of June 2025 are, 1: Total auction revenues of USD 31.7 million. 2: 78 of the 90 lots offered for sale were sold (87%). 3: 99,830 carats were offered for sale with 68,705 carats sold (69%) & 4: Average sales price of USD 461.48 per carat. The auction included rubies from a newer area of MRM which previously hasn’t been represented at auction in meaningful quantities, including a notable 36-carat ruby (pictured below) which sold well, becoming the third-most-valuable single-gemstone lot in MRM’s history. This auction follows a mini-auction of predominantly small-sized gemstones held in April 2025 that achieved auction revenues of USD 7.2 million and which would normally have been included in the June auction. Adrian Banks, Gemfields...