Gemfields reports highest emerald auction revenue in four years
Mini sales in March and April brought in $31.4m, with 99% of carats offered sold
19 April 2021 - 10:11
Emerald and ruby miner Gemfields says a series of mini auctions in March and April brought in $31.4m (R447m), the highest emerald auction revenue achieved since March 2016.
Gemfields, whose two key operating assets are Montepuez ruby mine in Mozambique and the Kagen emerald mine in Zambia, is highly dependent on auction revenue, with Covid-19 disrupting sales in 2020...
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