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New Gemfields owner celebrates $55 million auction

Pallinghurst subsidiary marks first ruby auction with record revenue

Alex Hamer
Taking a cut: this could be in the future of the rubies sold at auction this month

Taking a cut: this could be in the future of the rubies sold at auction this month | Credits: credit: Gemfields

The South African company said it sold 605,229 carats of rubies in Singapore from November 6-10, bringing in US$55 million.    This just pips the June auction, which sold 895,849ct for $54.8 million. ...

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