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Gemfields Group ( (PLLHF) ) just unveiled an announcement.
Gemfields Group Limited announced the results of its recent mixed-quality rough ruby auction, held from June 2 to June 13, 2025, generating total revenues of USD 31.7 million. Despite market instability due to geopolitical issues and economic challenges, the auction demonstrated the resilience of rubies, with 78 out of 90 lots sold, including a notable 36-carat ruby from a new mining area. The proceeds will be repatriated to Montepuez Ruby Mining in Mozambique, with royalties paid to the Mozambican government, highlighting Gemfields’ ongoing commitment to delivering a diversified supply of Mozambican rubies.
More about Gemfields Group
Gemfields is a leading responsible miner and marketer of colored gemstones, owning significant interests in the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique. The company also owns Fabergé, a prestigious brand, enhancing its market positioning and consumer awareness. Gemfields has developed a proprietary grading system and auction platform to ensure a consistent supply of colored gemstones, contributing to the growth of the global colored gemstone sector.
Learn more about PLLHF stock on TipRanks’ Stock Analysis page.