{"id":10602,"date":"2021-12-11T16:10:50","date_gmt":"2021-12-11T16:10:50","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=10602"},"modified":"2021-12-11T15:52:01","modified_gmt":"2021-12-11T15:52:01","slug":"mozambique-gemfields-ruby-auction-raises-record-88-million-dollars-aim","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-gemfields-ruby-auction-raises-record-88-million-dollars-aim","title":{"rendered":"Mozambique: Gemfields ruby auction raises record 88 million dollars \u2013 AIM"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The London-based mining company Gemfields on Friday announced that it had raised a record 88.4 million US dollars from a series of mini auctions of rubies from its mine in the northern Mozambican district of Montepuez.<\/p>\n

The auctions took place online between 8 November and 9 December and customers were able to view the parcels of mixed quality rubies through in-person and private viewings in Bangkok, Dubai, and Jaipur. Of the 107 lots offered, 104 were sold with an average price of 132.47 US dollars per carat.<\/p>\n

There have been fifteen auctions of rubies from Montepuez Ruby Mining Ltd (MRM) since June 2014, which have in total raised 731.5 million dollars.<\/p>\n

According to Adrian Banks, Gemfields\u2019 Managing Director of Product & Sales, \u201cthis has been the strongest ruby auction in Gemfields\u2019 history and we\u2019re very pleased with the trajectory and growth of the downstream ruby sector. Professionalised and dependable supply has always been the key to unlocking growth\u201d.<\/p>\n

Montepuez Ruby Mining (MRM) holds a 25 year concession on an area of 340 square kilometres in Montepuez, in Cabo Delgado province. Gemfields holds a 75 per cent stake in the company with the other 25 per cent owned by the Mozambican company Mwiriti.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The London-based mining company Gemfields on Friday announced that it had raised a record 88.4 million US dollars from a series of mini auctions of rubies from its mine in the northern Mozambican district of Montepuez. The auctions took place online between 8 November and 9 December and customers were able to […]<\/p>\n","protected":false},"author":84,"featured_media":10601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-10602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nMozambique: Gemfields ruby auction raises record 88 million dollars \u2013 AIM - Mozambique<\/title>\n<meta name=\"description\" content=\"The London-based mining company Gemfields on Friday announced that it had raised a record 88.4 million US dollars from a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-gemfields-ruby-auction-raises-record-88-million-dollars-aim\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique: Gemfields ruby auction raises record 88 million dollars \u2013 AIM\" \/>\n<meta property=\"og:description\" content=\"The London-based mining company Gemfields on Friday announced that it had raised a record 88.4 million US dollars from a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-gemfields-ruby-auction-raises-record-88-million-dollars-aim\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-11T16:10:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/12\/img-61b4c905bfa2a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"602\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-gemfields-ruby-auction-raises-record-88-million-dollars-aim#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-gemfields-ruby-auction-raises-record-88-million-dollars-aim\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mozambique: Gemfields ruby auction raises record 88 million dollars \u2013 AIM\",\"datePublished\":\"2021-12-11T16:10:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-gemfields-ruby-auction-raises-record-88-million-dollars-aim\"},\"wordCount\":212,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-gemfields-ruby-auction-raises-record-88-million-dollars-aim#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/12\/img-61b4c905bfa2a.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-gemfields-ruby-auction-raises-record-88-million-dollars-aim#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-gemfields-ruby-auction-raises-record-88-million-dollars-aim\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-gemfields-ruby-auction-raises-record-88-million-dollars-aim\",\"name\":\"Mozambique: Gemfields ruby auction raises record 88 million dollars \u2013 AIM - 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