{"id":23907,"date":"2023-12-07T14:44:47","date_gmt":"2023-12-07T09:14:47","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=23907"},"modified":"2023-12-07T14:44:47","modified_gmt":"2023-12-07T09:14:47","slug":"gemfields-record-breaking-ruby-auction-fetches-69-5-million","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/gemfields-record-breaking-ruby-auction-fetches-69-5-million\/","title":{"rendered":"Gemfields\u2019 Record-Breaking Ruby Auction Fetches $69.5 Million"},"content":{"rendered":"<p>Gemfields, a British coloured gemstone miner, said its latest ruby auction achieved a total revenue of $69.5 million. The auction, which took place online from 20 November to 5 December 2023, featured mixed-quality rough rubies from the Montepuez mine in Mozambique, which is operated by Gemfields in partnership with Mwiriti Limitada.<br \/>\nThe auction was a resounding success, as all 97 lots offered for sale were sold, with an average price of USD 290.02 per carat. This is the highest average price per carat ever achieved by Gemfields for its rubies, and reflects the strong demand and appreciation for the quality and provenance of the gemstones.<\/p>\n<p>The auction also marked a significant milestone for Gemfields, as it pushed its cumulative emerald and ruby auction sales past the $2 billion mark, with nearly $400 million paid in mineral royalties and corporation taxes to the governments of Mozambique and Zambia, where the company operates its mines.<\/p>\n<p>Adrian Banks, Gemfields\u2019 Managing Director of Product &amp; Sales, said: \u201cWe\u2019ve seen ruby prices at our auctions go from strength to strength in recent years and our final auction of 2023 has further endorsed that trend. This auction has shown that the demand and pricing for rough rubies is decidedly healthy. Gemfields\u2019 total auction revenue for 2023 stands at USD 242 million, the second highest in our history.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gemfields, a British coloured gemstone miner, said its latest ruby auction achieved a total revenue of $69.5 million. The auction, which took place online from 20 November to 5 December 2023, featured mixed-quality rough rubies from the Montepuez mine in Mozambique, which is operated by Gemfields in partnership with Mwiriti Limitada. The auction was a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":23908,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-23907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gemfields\u2019 Record-Breaking Ruby Auction Fetches $69.5 Million - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/gemfields-record-breaking-ruby-auction-fetches-69-5-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gemfields\u2019 Record-Breaking Ruby Auction Fetches $69.5 Million - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Gemfields, a British coloured gemstone miner, said its latest ruby auction achieved a total revenue of $69.5 million. The auction, which took place online from 20 November to 5 December 2023, featured mixed-quality rough rubies from the Montepuez mine in Mozambique, which is operated by Gemfields in partnership with Mwiriti Limitada. The auction was a&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/gemfields-record-breaking-ruby-auction-fetches-69-5-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-07T09:14:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/Gemfields-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/gemfields-record-breaking-ruby-auction-fetches-69-5-million\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/12\/Gemfields-3.jpg\",\"width\":1000,\"height\":600,\"caption\":\"jewellery magazine\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/gemfields-record-breaking-ruby-auction-fetches-69-5-million\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/gemfields-record-breaking-ruby-auction-fetches-69-5-million\/\",\"name\":\"Gemfields\\u2019 Record-Breaking Ruby Auction Fetches $69.5 Million - Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/gemfields-record-breaking-ruby-auction-fetches-69-5-million\/#primaryimage\"},\"datePublished\":\"2023-12-07T09:14:47+00:00\",\"dateModified\":\"2023-12-07T09:14:47+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gjepc.org\/solitaire\/gemfields-record-breaking-ruby-auction-fetches-69-5-million\/\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/23907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/comments?post=23907"}],"version-history":[{"count":1,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/23907\/revisions"}],"predecessor-version":[{"id":23909,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/23907\/revisions\/23909"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/23908"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=23907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=23907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=23907"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=23907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}