Gemfields Group Limited announced the results of its recent auction of mixed-quality rough rubies, held between November 25th and December 11th, 2024.<\/p>\n
Total auction revenue reached $46.2 million, with 97 out of 102 offered lots (167,865 carats) being sold (95% success rate). The lower revenue compared to previous auctions was due to a smaller quantity of premium rubies offered. Average price per carat reached a record high of $321.94\/carat for mixed-quality ruby auctions by Gemfields.<\/p>\n
The company said bidding activity was thinner than usual, with some softer prices observed. New market entrants with established supply chains participated successfully.<\/p>\n
Adrian Banks, Gemfields\u2019 Managing Director of Product & Sales, commented: \u201cDespite ongoing economic challenges in China and geopolitical turbulence worldwide, the results of this auction represent a positive outcome under the current market conditions. These results reaffirm the stability of demand for Gemfields’ rubies, with prices for fine-quality aligning well with the limited supply of these rare and precious gemstones.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Gemfields Group Limited announced the results of its recent auction of mixed-quality rough rubies, held between November 25th and December 11th, 2024. Total auction revenue reached $46.2 million, with 97 out of 102 offered lots (167,865 carats) being sold (95% success rate). The lower revenue compared to previous auctions was due to a smaller quantity…<\/p>\n","protected":false},"author":1,"featured_media":29010,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-29009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n