Gemfields’ Ruby Auction Yields $29.3 Million

The Gemfields ruby auction held June 16–21 in Singapore has yielded $29.3 million, with an average per-carat price of $617.42.

The auction sold only 61 percent of the lots offered, but Gemfields CEO Ian Harebottle said the company was satisfied with the result.

Gemfields’ ruby auction held June 16-21 in Singapore has yielded $29.3 million with an average per-carat price of $617.42.

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JCK Staff

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