|RAPAPORT... Gemfields Plc reported that its inaugural auction of ruby and corundum from its 75 percent owned Montepuez ruby deposit in Mozambique achieved $33.5 million or an average $18.43 per carat. |
The auction took place in Singapore on June 12 to 17 and was 92 percent sold by lot.
|The Montepuez Ruby deposit is located in the North-East of Mozambique in the Cabo Delgado province.|
Covering approximately 33,600ha, it is believed to be the most significant recently discovered deposit in the world.