Gemfields books record $42.3m from emerald auction

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Gemfields books record $42.3m from emerald auction
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Demand in the coloured gemstone market is buoyant, says miner after a maiden dividend

Ruby and emerald miner Gemfields, which also owns Fabergé, says its recent emerald auction in India generated a record $42.3m , another win to a group that just recently declared its first-yet dividend payout to shareholders.

London and JSE-listed Gemfields, established in 2007, said the auction in the last half of March also resulted in a sales record of $9.37 per carat. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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