Gemfields Says Kagem Emerald Auction Generated Record Revenu
The mining company said all lots and carats were sold, achieving a record average price of $150.65 per carat.
The auction was held between Nov. 1 and Dec. 6, and brings calendar-year auction revenue for Kagem to $92.3 million.
Gemfields owns 75% of Kagem Mining Ltd.
Shares in Gemfields at 0927 GMT were up 3.8% at 13.75 pence.
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