News and Announcements

Pallinghurst is pleased that Gemfields has announced sales of almost R500 million from its higher quality rough ruby auction in Singapore. The key highlights were:  Auction revenues of US$43.3 million, the highest ever achieved at any Gemfields auction.  Average realised price of US$689 per carat, the highest ever achieved at any Gemfields auction.  In total, 62,936 carats sold. The two Montepuez auctions held since June 2014 have generated US$76.8 million in aggregate revenues. The auction revenue of US$43.3 million includes the successful sale of an exceptional 40.23 carat rough ruby from Montepuez. Pallinghurst owns a 48% interest in Gemfields.