Gemfields Group (PLLHF) has released an update.
Gemfields Group announced that its recent auction of commercial-quality rough emeralds has concluded with total revenues of USD 10.8 million. The auction saw 61% of offered lots sold at an average price of USD 4.47 per carat, despite challenging market conditions and competition from other producers. Gemfields emphasizes its commitment to responsible sales practices, having withdrawn significant lots from the auction due to unsatisfactory market prices.
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