https://newsletter.mw.creamermedia.com
Cutting|Gemfields|Mining|Gemstones|Products
Cutting|Gemfields|Mining|Gemstones|Products
cutting|gemfields|mining|gemstones|products

Gemfields notes robust demand for commercial-quality sapphire, ruby during its latest auction

5th September 2024

By: Creamer Media Reporter

     

Font size: - +

Johannesburg- and London-listed gemstone miner Gemfields received revenue of $2.3-million from the auction of predominantly commercial-quality sapphire, corundum and commercial-quality ruby from September 2 to 4.

All 5.7-million carats offered in ten lots were sold, realising an average price of $0.41/ct.

The gemstones were extracted by Montepuez Ruby Mining (MRM), in Mozambique.

"The majority of the auction's offering consisted of corundum and sapphire, which are considered by-products of MRM. Despite the commercial nature of these goods, the auction saw strong attendance and robust demand.

"The significant volume of the lower-priced rough sold, will support the factories in the cutting centres of Chanthaburi, Thailand and Jaipur, India," Gemfields products and sales MD Adrian Banks comments.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
ALCONTROL Breathalyser
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 17 January 2025
Magazine round up | 17 January 2025
17th January 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.199 0.272s - 163pq - 2rq
Subscribe Now