Ruby Auction Results
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Date09 Dec 2022
Gemfields is pleased to announce the results of a ruby auction held in Bangkok from 21 November – 8 December 2022. The auction contained a selection of grades that are typically offered at Montepuez Ruby Mining Limitada’s (“MRM”) auctions of mixed quality rubies.
MRM Operational Update
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Date24 Oct 2022
On 20 October 2022, Gemfields updated the market regarding the Cabo Delgado insurgency and Gemfields’ decision at the time to initiate an evacuation of operational employees and contractors from Montepuez Ruby Mining Limitada (“MRM”), in which Gemfields holds a 75% interest.
Update regarding Cabo Delgado insurgency: neighbouring ruby mine attacked, MRM evacuation plan initiated
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Date20 Oct 2022
Following an update on 30 August 2022, in which Gemfields announced increased vigilance regarding the Cabo Delgado insurgency, the Company wishes to report further developments. This morning, an attack attributed to insurgent activity has been reported at the neighbouring ruby mine belonging to Gemrock, which lies approximately 12km south-east of the operations of Montepuez Ruby Mining Limitada (“MRM”), in which Gemfields holds a 75% interest. Details of the attack are being verified.
MRM Commercial-Quality Auction Results
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Date27 Sep 2022
Gemfields is pleased to announce the results of an auction of predominantly commercial-quality sapphire, corundum and low-quality ruby held from 19 September 2022 to 23 September 2022. The gemstones were extracted by Montepuez Ruby Mining Limitada in Mozambique (“MRM”, which is 75% owned by Gemfields and 25% by Mwiriti Limitada). The proceeds of this auction will be fully repatriated to MRM in Mozambique, with all royalties due to the Government of the Republic of Mozambique being paid on the full sales prices achieved at the auction.
Record Ruby Auction Results
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Date20 Jun 2022
Gemfields is delighted to announce the results of a ruby auction comprised of seven sequential mini-auctions held in Bangkok during the period 30 May – 17 June 2022. The auction delivered all-time high auction revenues for any Gemfields auction and contained a selection of grades that are typically offered at Montepuez Ruby Mining Limitada’s (“MRM”) auctions of mixed quality rubies. Following the viewings, the auctions took place via an online auction platform specifically adapted for Gemfields and which permitted customers from multiple jurisdictions to participate in a sealed-bid process.
Monthly Operational Market Update – 31 December 2021
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Date31 Jan 2022
Gemfields shareholders are advised that the Company has released information about its operational results and financial position up to and including 31 December 2021. The figures have been produced on a monthly basis for Gemfields’ 75%-owned Kagem emerald mine, its 75%-owned Montepuez ruby mine and Fabergé, the iconic luxury brand.
Record Ruby Auction Results
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Date10 Dec 2021
Gemfields is delighted to announce the results of a ruby auction comprised of seven sequential mini-auctions held during the period 8 November – 9 December 2021. The auction delivered an all-time high for MRM ruby auctions and contained a selection of grades that are typically offered at Montepuez Ruby Mining Limitada’s (“MRM”) auctions of mixed quality rubies. Selected lots were made available for in-person and private viewings by customers in Bangkok, Dubai and Jaipur. Following the viewings, the auctions took place via an online auction platform specifically adapted for Gemfields and which permitted customers from multiple jurisdictions to participate in a sealed-bid process.
Monthly Operational Market Update – 30 June 2021
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Date02 Aug 2021
Gemfields shareholders are advised that the Company has released information about its operational results and financial position up to and including 30 June 2021. The figures have been produced on a monthly basis for Gemfields’ 75%-owned Kagem emerald mine, its 75%-owned Montepuez ruby mine and Fabergé, the iconic luxury brand.
Ruby Auction Results
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Date08 Apr 2021
Gemfields is pleased to announce the results of a ruby auction comprising a series of seven sequential mini- auctions held during the period 15 March – 8 April 2021. The auction contained a selection of grades that are typically offered at Montepuez Ruby Mining Limitada’s (“MRM”) auctions of mixed quality rubies. Selected lots were made available for in-person and private viewings by customers in Bangkok, Dubai and Jaipur. Following the viewings, the auctions took place via an online auction platform specifically adapted for Gemfields and which permitted customers from multiple jurisdictions to participate in a sealed-bid process.
Mining operations and auction update
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Date01 Mar 2021
Gemfields Group Limited (“Gemfields”) hereby provides an update regarding its mining operations and planned auction programme for the first half of 2021.