News and Announcements

Ruby Auction Results

Gemfields is pleased to announce the results of a ruby auction comprised of mixed-quality rough rubies held during the period 5 – 20 June 2023.

Highlights: June 2023 Mixed-Quality Ruby Auction

  • Total auction revenues of USD 80.4 million
  • 91 of the 94 lots offered for sale were sold (97%)
  • Average realised price of USD 265.99 per carat
  • The 19 auctions of Montepuez Ruby Mining Limitada’s (“MRM”) gemstones held since June 2014 have generated USD 978.5 million in total revenue
  • One lot of 26.8kg (representing some 30% of the total weight offered) remained unsold. As a result, the average price per carat realised at this auction was considerably higher than it would have been had this lot also been sold.