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An announcement from Gemfields Group ( (PLLHF) ) is now available.
Gemfields announced the successful results of its recent auction of higher-quality rough emeralds, generating USD 32.0 million in revenue with all 38 lots sold. The auction included the notable Imboo gemstone, weighing 11,685 carats, and marked a positive turnaround following previous market challenges. The auction’s success reflects strong demand and robust pricing, validating the company’s strategic decisions to reopen mining points and manage supply responsibly. The proceeds will be repatriated to Kagem in Zambia, with royalties paid to the Zambian government.
More about Gemfields Group
Gemfields is a leading responsible miner and marketer of colored gemstones, operating the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique. The company holds controlling interests in various gemstone mining and prospecting licenses across Zambia, Mozambique, Ethiopia, and Madagascar. Gemfields has developed a proprietary grading system and auction platform to ensure a consistent supply of colored gemstones to global markets.
See more data about PLLHF stock on TipRanks’ Stock Analysis page.