Auction Results – Trade Select Ruby Auction and MRM Update
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Date30 Jun 2026
Gemfields announces the results of an auction of mixed-quality rough ruby held from 22 to 29 June 2026. This marks the Company’s first “Trade Select” auction, featuring a broader mix of ruby qualities as well as newly introduced sapphire categories. Highlights – Trade Select Ruby Auction – June 2026 Total auction revenues of USD 23.1 million. 82 of the 89 lots offered for sale were sold (92.1%). 374,008 carats were offered for sale with 348,409 carats sold (93.2%). Average sales price of USD 66.30 per carat.
Directorate Change
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Date30 Jun 2026
Gemfields announces that Sean Gilbertson will, by mutual agreement with the Board, step down as Chief Executive Officer and as a director of the Company with effect from 15 July 2026. The Board would like to thank Sean for his contribution to the Company and wishes him well in his future endeavours. David Lovett, who has held the role of Chief Financial Officer for 8 years, has been appointed as Interim Chief Executive Officer alongside his existing role as Chief Financial Officer. The Board, advised by the Nominations Committee, will in due course commence a formal process to identify a permanent successor.