Gemfields provides an update regarding its gemstone auction schedule for the remainder of 2023.
- Gemfields completed an auction of commercial and low-quality ruby from the Montepuez ruby mine on 13 September 2023 and the results are set out below.
- An auction of commercial quality emeralds from the Kagem emerald mine is presently underway and Gemfields expects to announce the results on Monday 18 September 2023.
- The auction of higher quality emeralds from the Kagem emerald mine, scheduled for November 2023, will no longer take place. Gemfields has taken this decision as a result of the generally lower quality and quantity of emerald production at Kagem in recent months and which would result in a suboptimal auction offering to Gemfields’ emerald auction clients. The available production will therefore be carried forward into Gemfields’ 2024 auction programme.
- The auction of mixed quality rubies from Montepuez remains scheduled for December 2023.