| Hong Kong Jewellery 香港珠寶
Search
News & Highlight

News

  1. Q1 Gold Jewellery Demand Soft, Says WGC
  2. Jewellery Buying Groups Formed New Global Alliance
  3. Singapore to Host Jewellery & Gem World 2022
  4. ‘Wonder Woman’ Gal Gadot Premiered in Tiffany’s 2022 High Jewellery Collection
  5. Christie’s to Auction ‘The Light of Africa’ for $18M in June
  6. New Board of Directors were elected to Jewellery Exporters Association of Turkey
  7. Oroarezzo back with Première Competition
  8. ‘De Beers Blue’ auctions US$57.5M at Sotheby’s
  9. CTF launches Mother’s Day collection
  10. Jewelers of America Announces The 2022 CASE Award Winners
  11. De Beers: Diamond Businesses Staying Cautious About Business Expectations
  12. Synthetic Alexandrite Pioneer David Patterson Dies at 89
  13. 205 CARAT FANCY INTENSE YELLOW DIAMOND GENEVA MAGNIFICENT JEWELS | 11 MAY 2022
  14. Rebecca Foerster Appointed As President of Hearts On Fire
  15. US Steps Up Sanctions Against Alrosa
  16. PGI Study Findings: Consumers Have Different Interpretations of Sustainability
  17. Irving Wong Appointed as Pandora’s General Manager For China
  18. Rolex’s 6 New Watches Unveiled at Watches & Wonders Geneva
  19. Sixième Sens par Cartier High Jewellery: Heteractis Ring
  20. Will Russian Diamond Ban Help Foster Lab-Grown Diamond Business?
  21. Press Release: Ariana DeBose, Hunter Schafer and Zoey Deutch Shine in De Beers Jewellers at the Vani
  22. Press Release: Ariana DeBose, Hunter Schafer and Zoey Deutch Shine in De Beers Jewellers at the Vani
  23. JEWELLERY GENEVA Takes Place between 30 March and 3 April 2022
  24. Christie’s Presents 228 carat White Dimond
  25. Gold Bar Integrity Programme to be Implemented
  26. Press Release: BONHAMS ANNOUNCES ACQUISITION OF BRUUN RASMUSSEN AUCTIONEERS – DENMARK’S LEADING AUCT
  27. Early Spring Fashion for Natural Diamonds
  28. Jennifer Garner Shines in De Beers Jewellers at the Premiere in New York
  29. To celebrate its 15th anniversary, “Cartier Women’s Initiative Impact Report”
  30. American Gem Trade Association Announces Partnership with JCK Show Again
  31. Chow Tai Fook and Canada's Mountain Province Diamonds Sign Supply Agreement
  32. Registration Is Open for 2022 JCK Show
  33. Alrosa Caught Up in U.S. Sanctions
  34. Tawhid Abdullah Receives Lifetime Achievement Award
  35. The Largest Blue Diamond Appears at Sotheby’s Auction
  36. Price Rise for Nearly 90% Of Fancy Colour Last Year
  37. Dickson Yewn’s Collectibles Given for Sotheby’s Charity Auction
  38. De Beers Boosts Production
  39. Watches & Wonders Geneva To Be Held In Hybrid Format
  40. Jewellery, Gem & Technology Dubai to Debut February
  41. Hong Kong Losing its Dominance as the World's Largest Watch Market
  42. Gift Guide for CNY
  43. Press Release: Sotheby’s Announces New Appointments To Luxury Team In ASsia
  44. Georg Jensen Becomes a Certified Member of RJC
  45. 555.55-carat Black Dimond Unveiled at Sotheby’s Auction
  46. GIA Appoints Anna Martin as SVP for Institute, Industry Relations
  47. Alrosa Boosts Direct Sales of Fancy Diamonds to Investors
  48. CIBJO General Assembly postponed to March 17 and 18, 2022
  49. 7,525 Carat Emerald Discovered
  50. Karl Lagerfeld Jewellery Collections to Shine
  51. Diamonds Travel To The Space
  52. Vicenzaoro January postponed to March
  53. America’s Youngest Jeweller Starts Business via Instagram
  54. Concerns over conflict gold arise again
  55. The 1st International Gemstone & Diamond Trade Summit Wraps Up in Macao
  56. The Knot’s Study:Over 30% of Respondents Say Natural Diamond Unimportant
  57. Pantone’s 2022 Colour of the Year: Very Peri
  58. Phillips Jewellery Auctions Fetch over HK$181 Million
  59. The World’s First Pure Gold Castle of Magical Dreams by CHOW TAI FOOK
  60. Jewellery Sales Jumped 78% During the Thanksgiving Holiday
  61. Gem Auctions DMCC’s Debut Auction Successful
  62. Cartier’s Christmas Tree Lights Up the City with Love and Hope
  63. Rediscovering Lacloche in Hong Kong
  64. Blue diamonds to lead Christie’s HK autumn sale
  65. JMA show to stage next Thursday
  66. HK auction to help Cambodian kids
  67. Basel fair cancelled again
  68. HKDI show to continue in Dec
  69. Gemfields sells 7,500-carat emerald for good
  70. Sustainability is key to diamond purchases, a report says
  71. Christie’s Geneva jewellery sale fetches CHF53.7m
  72. Cibjo forms working group on fei cui standards
  73. Only Watch raises CHF30m for DMD research
Read More...


HIGHLIGHT

  1. US market unfolds changes and potential
  2. The queen of gems, the gem of queens
  3. Classics return

Advertisement

Ruby auction achieves “stellar result”

Gemfields’ 13th auction of rough rubies from Montepuez closed on 14 December 2019 in Singapore generated a revenue of US$71.5 million, making an aggregate revenue of US$584.1 million from all 13 auctions since June 2014.

The latest auction of high, medium and commercial grade rough rubies saw 53 companies placing bids. Of the 1,158,114 carats on offer, 80 percent or 927,130 carats were sold; of the 104 lots offered, 91 lots or 88 percent were sold. The sale achieved an average realised price of US$77.12 per carat.

The proceeds of the auction will be fully repatriated to Montepuez Ruby Mining Limitada (MRM) in Mozambique.

Adrian Banks, Gemfields’ managing director of product and sales, said: “Our latest ruby auction in Singapore has delivered another stellar result for Mozambican rubies, with both demand and pricing clearly robust. We are particularly pleased to have seen such a diverse spread of winners, with 37 companies taking home at least one lot. The auction, our second biggest by value to date, means that Gemfields’ annual revenues from ruby and emerald auctions has for the first time exceeded US$200 million.

“The auction marked a further milestone in that 12 prominent lots from this auction have become the first Gemfields rubies ever to pioneer the use of blockchain in facilitating improved supply chain traceability. The winners are therefore able to validate the route to market via the Provenance Proof Blockchain established by the Gübelin Gem Lab of Switzerland.”

London-based Gemfields is the world’s leading supplier of responsibly sourced coloured gemstones operating the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique, while having other mining activities in Ethiopia and Madagascar. (Photo courtesy: Gemfields)

 

Results of five most recent MRM auctions

Dates 6-10.11.2017 5-9.6.2018 10-14.12.2018 11-15.6.2019 10-14.12.2019
Location     Singapore    
Type Rough ruby (higher, medium and commercial quality), no corundum
Carats offered 682,508 629,893 685,363 978,197 1,158,114
Carats sold 605,229 588,656 655,623 962,211 927,130
No of lots offered 76 86 90 90 104
No of lots sold 71 82 88 84 91
Percentage of lots sold 93% 95% 98% 93% 88%
Percentage of lots sold by weight 89% 93% 96% 98% 80%
Total sales realised at auction US$55.0 million US$71.8 million US$55.3 million US$50.0 million US$71.5 million
Average per carat sales value US$90.81 US$122.03 US$84.32 US$51.99 US$77.12

 Source: Gemfields

 

← Back