Gemfields auction revenue down amid market softening

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in the six-month period ended June 30, a 17% decline from a year ago as emeralds and rubies face similar challenges affecting the closely related diamond sector.

The gemstones miner, which also has a 75% stake in the Kagem emerald mine in Zambia, said the asset’s wash plant upgrade is complete and operating at an increased processing rate.

 

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