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Gemfields claims another record auction result

By Robert Tyerman | Friday 6 March 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Emerald and other precious stones producer Gemfields (GEM) says its latest auction of predominantly lower-quality rough emeralds and beryl in the Zambian capital Lusaka raised $14.5 million (£9.5 million) and achieved an average price of $3.73c a carat, a record for the AIM-quoted company’s auctions in this category.


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