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Gemfields Sells Emeralds at Record Average Price in Zambia Auction
May 5, 2016 4:54 AM
By Rapaport News
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RAPAPORT... Gemfields achieved a record average price for
“higher-quality” rough emerald at an auction in Lusaka, Zambia.
The miner sold 470,000 carats for an average of $70.68 per
carat at the sale in Lusaka, which ran from March 30 to April 3. Total revenue generated
was $33.1 million.
Gemfields said production of emeralds and beryl at the Kagem
mine in the African nation slumped 28 percent to 7.1 million carats in the
first quarter that ended March 31. Output of ruby and corundum from Montepuez
surged 43 percent to 2 million carats.
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Tags:
Auctions, beryl, colored gemstones, corundum, emerald, Gemfields, Kagem mine, Lusaka, mining, Montepuez, Rapaport News, rough auctions, ruby, zambia
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