The latest Gemfields auction (the so-called "mini mixed quality ruby auction") generated revenue of USD 11 million .
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33 lots of rubies were put up for auction, 26 of which found buyers
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Total weight of stones: 297,449 ct , 62% of weight sold
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Average price: $59.43/ct
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The stones came from the Montepuez mine in Mozambique (Maninge Nice area)
The next ruby and emerald auctions will be postponed to early 2026 due to delays in the launch of the new processing plant.
For the jewelry industry, this is a signal that demand for rubies remains high, and limited supply may further drive up prices in the coming years.
Rubies are among the most precious gemstones, symbolizing passion, energy, and royal majesty for centuries. Their deep red is considered the color of love and strength, and the rarest specimens command prices comparable to the finest diamonds. They are used in exceptional jewelry—from engagement rings and necklaces to elegant earrings and bracelets, often paired with diamonds, which accentuate their intense color.
Gemfields is one of the world's largest gemstone mining and retailing companies. It specializes primarily in rubies from Mozambique and emeralds from Zambia. The company is known for organizing international auctions, where it offers both high-quality gemstones and raw materials for further processing. Gemfields emphasizes transparency, ethical mining, and the development of local communities in the regions where it mines. This has made it a significant benchmark for the entire jewelry industry, setting standards in the colored gemstone trade.
