Mozambique Mining Industry: Gemfields thrilled with US$33.5 million from first ruby auction

“We are naturally delighted to announce the stellar results of our first auction of rubies and corundum from Montepuez in Mozambique. The extension of our transparent and well-regarded auction platform into the ruby trade has been very well received by the market, with an expanded customer base now having access to reliably supplied and consistently graded rough emeralds, beryl, rubies and corundum,” Gemfields CEO, Ian Harebottle, commented.

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