Gemfields News

Gemfields’ auction in Singapore, which ran November 14-17, raked in $28.4 million

The "Lion Emerald" will be offered for sale in Singapore in November

Since July 2009, the miner has cumulatively generated $527.5 million in revenues

The miner sold about 95% of the lots, generating an average price of $122 per carat

19 of the 21 lots on offer were sold, achieving an average price of $3.05 per carat

The girdle of the emerald is laser-engraved with a secret message

The auction raked in $54.96 million - the highest figure attained at any Gemfields auction to date

Gemfields' auction of higher quality rough emeralds raked in $21.5 million

Gemfields’ auction revenues went down 24% year-on-year to $133 million in H1

Sean Gilbertson, a “long-serving” board member, has been appointed as the company’s new CEO

Gemfields is an entering a new epoch of a looming sale, de-listing and restructuring

Gemfields' auction of rough ruby totaled $54.8 million - an all-time high for a Gemfields auction

An independent committee says Pallinghurst's offer “significantly undervalues the company”

Pallinghurst Resources, which owns 47% percent of Gemfields, has offered to buy up the rest of the shares