News and Announcements

Auction Results – MRM Commercial-Quality

Gemfields is pleased to announce the results of an auction of predominantly commercial-quality sapphire, corundum and commercial-quality ruby held from 2 to 4 September 2024.

Highlights – MRM Commercial-Quality Auction – September 2024

  • Auction revenues of USD 2.3 million (2023’s MRM Commercial-Quality Auction: USD 1.5 million)
  • All of the 5.7 million carats (1,130 kilograms) offered in 10 lots were sold (100%)
  • Average sales price of USD 0.41 per carat