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Ruby sale hit by India policy

Mozambique ruby miner Gemfields (LN:GEM) has reported a drop in ruby sales for this quarter’s auction.

Alex Hamer
Rough rubies were in demand

Rough rubies were in demand

The company sold 1,094,406 carats of rubies from an offering 1,372,145ct in Singapore last week.  The US$30.4 million sale revenue was down over 30% on the last quarter, which the company said was partly...

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