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Gemfields Achieves Record Ruby Auction Amid Global Challenges
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Gemfields Achieves Record Ruby Auction Amid Global Challenges

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An update from Gemfields Group ( (PLLHF) ) is now available.

Gemfields reported auction revenues of USD 46.2 million from its recent mixed-quality ruby auction, selling 95% of the lots offered. Despite challenges in Mozambique and global economic uncertainties, Gemfields achieved a record average price per carat, highlighting stable demand and a positive outlook for future sales.

More about Gemfields Group

Gemfields Group Limited is a leading responsible miner and marketer of colored gemstones, notably operating the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique. The company also owns Fabergé, enhancing its market positioning and consumer awareness through high-end gemstone designs.

YTD Price Performance: -9.09%

Average Trading Volume: 76,942

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $114.2M

For detailed information about PLLHF stock, go to TipRanks’ Stock Analysis page.

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