Gemfields ruby auction yields $7.2m in revenue

Gemstone miner Gemfields’ mini auction of rough rubies recovered from its 75%-owned Montepuez Ruby Mining (MRM) operation, in Mozambique, has generated revenue of $7.2-million at an average sales price of $39.47/ct. The auction was held in Bangkok, Thailand, from April 21 to 25.

Apr 29, 2025 - 10:43
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Gemfields ruby auction yields $7.2m in revenue
Gemstone miner Gemfields’ mini auction of rough rubies recovered from its 75%-owned Montepuez Ruby Mining (MRM) operation, in Mozambique, has generated revenue of $7.2-million at an average sales price of $39.47/ct. The auction was held in Bangkok, Thailand, from April 21 to 25.