Highlights – Trade Select Ruby Auction – June 2026
- Total auction revenues of USD 23.1 million.
- 82 of the 89 lots offered for sale were sold (92.1%).
- 374,008 carats were offered for sale with 348,409 carats sold (93.2%).
- Average sales price of USD 66.30 per carat.
Adrian Banks, Gemfields’ Managing Director of Product & Sales, commented:
“We are pleased with the outcome of our inaugural ‘Trade Select’ ruby auction. The Trade Select format was developed to sit between MRM’s traditional Mixed-Quality ruby auctions and the smaller mini-auctions introduced during 2025. By bringing selected grades and categories together in a focused offering, the format provides greater flexibility in matching available production with market demand, whilst also broadening customer participation.
It was encouraging to receive positive feedback from customers regarding both the auction format and the composition of the offering. Whilst market conditions remain challenging in certain sectors of the coloured gemstone market, customer attendance was strong and bidding demonstrated continued demand across the categories offered.
I would like to thank the MRM team in Mozambique for their considerable efforts in preparing and delivering this auction despite the many challenges they face. We now look forward to building on these results as preparations begin for MRM’s next Mixed-Quality ruby auction, presently scheduled for October 2026.”
The gemstones were extracted in Mozambique by Montepuez Ruby Mining Limitada (“MRM”) which is 75% owned by Gemfields and 25% by Mwiriti Limitada. The proceeds of this auction will be fully repatriated to MRM in Mozambique, with all royalties due to the Government of the Republic of Mozambique being paid on the full sales prices achieved at the auction.
The auction lots were made available in Bangkok for private, in-person viewings by customers. Following the viewings, the auctions took place via an online auction platform specifically adapted for Gemfields and which permitted customers from multiple jurisdictions to participate in a sealed- bid process.
