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'Eyes of the Dragon' boost Gemfields

Gemfields has reported the results of its auction of predominantly higher quality rough ruby extracted from the Montepuez ruby deposit in Mozambique. The auction was held in Singapore from June 16 to June 21.

Auction revenues came in lower at US$29.3 million against $43.3m at the previous HQ auction, with the average realised price at $617 per carat versus US$688.4/carat at the maiden HQ ruby auction.