Gemfields to expand offering at June 2025 auction
The upcoming completion of a new 400 tonne-per-hour ore processing plant will triple MRM’s through-put capacity
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Gemfields has announced that it will offer a broader range of secondary-type material at
its forthcoming mixed-quality ruby auction in June 2025.
The auction will include rubies recovered from a newer section of its Mozambican mine that has not previously been represented at auction in meaningful quantities and with a notable 36-carat ruby forming part of the offering.
This section lies within the concession of Montepuez Ruby Mining (MRM), which is located in the Montepuez district of Cabo Delgado province in Mozambique.
Gemfields stated that the rubies recently recovered from this newer section of the mine exhibit noticeable differences in characteristics compared to the secondary-type rubies which it has brought to market.
Adrian Banks, managing director for product and sales at Gemfields, said: “It is exciting
to see the evolving variety of rubies being recovered by Montepuez Ruby Mining. I am particularly eager to see how a single fine-quality ruby weighing 36 carats will perform at our auction. I believe this ruby will be strongly contested by discerning clients who recognise the rarity and significance of such a gemstone, given both its size and quality.”
The upcoming completion of a new 400 tonne-per-hour ore processing plant will triple MRM’s through-put capacity.
