Auction Results: Mixed-Quality Rubies
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Date23 Feb 2026
Gemfields announces the results of an auction comprised of mixed-quality rough ruby held during the period 9 – 20 February 2026.
Highlights – Mixed-Quality Ruby Auction – February 2026
- Total auction revenues of USD 53 million.
- 121 of the 135 lots offered for sale were sold (90%).
- 214,509 carats were offered for sale with 189,620 carats sold (88%).
- Average sales price of USD 279 per carat.
- This is the first auction to include material from MRM’s second processing plant, underscoring the contribution it is already making ahead of full commissioning.