Gemfields has announced that it generated $31.7 million from its mixed-quality ruby auction held June 2–13, 2025. Despite macroeconomic challenges and a smaller supply, demand remained strong, signaling global interest in rubies is still red-hot. 🔥
- Auction Format: Online sealed bids, after in-person previews in Bangkok
- Lots offered: 90
- Lots sold: 78 (87% success rate by number)
- Carats offered: 99,830
- Carats sold: 68,705 (69% by weight)
- Average price: $461.48 per carat – the highest ever for mixed-quality rubies from Gemfields 💰
- Top gem: A 36-carat ruby from a newly explored zone at Montepuez mine fetched one of the highest single-lot values in MRM’s history 🌟
- Participating companies: 47
Gemfields’ Adrian Banks called the results a testament to ruby resilience amid turbulence such as:
- Geopolitical tension
- China’s economic slowdown
- Trade tariff uncertainties
The auction also hinted at a promising future:
- A new mine area yielded fresh material
- MRM’s second processing plant (PP2) will expand supply capabilities soon ⚙️
Since 2014, Gemfields has built a reputation for transparent sales. Proceeds from this auction will be fully repatriated to Mozambique, with royalties paid to the government. 🇲🇿
Gemfields owns 75% of Montepuez Ruby Mining, with 25% held by local partner Mwiriti Limitada. It also owns Zambia’s Kagem emerald mine and the Fabergé brand, bridging mine to market in luxury gems. ✨