Gemfields auctions rake in $96m
Published On June 22, 2022 » 779 Views» By Times Reporter » Business, Stories
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By KENNEDY MUPESENI-
GEMFIELDS has in its June 2022 ruby auctions recorded total revenues of $95.6 million, an all-time high for any Gemfields auction in history.
In a statement posted on its website on Monday this week, the emerald miner said it sold rubies at an average price of $ 246.69 per carat, a new record for any mixed quality ruby auction.
“Of the 119 lots offered, 112 were sold ,representing 94.1,per cent and 63.5 per cent of the carats offered at the auction were sold
The 16 auctions of rubies held since June 2014 have generated $ 827.1 million in total revenues,” it stated.

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