Gemfields, a leader in the colored gemstone industry, is set to unveil a new range of rubies from its Mozambican mine for the June 2025 auction. The collection includes a stunning 36-carat ruby, marking a significant shift in the gemstone's tone and fluorescence.
RubiesGemfieldsMozambiqueAuctionGemstone MiningReal EstateMay 26, 2025
The 36-carat ruby is significant because it marks a notable shift in the tone and fluorescence of rubies from the Montepuez mine, offering a lighter hue and striking fluorescence due to lower iron content. This makes it a rare and valuable gemstone for collectors and connoisseurs.
Gemfields ensures ethical gemstone mining through its structured auction platform, which repatriates 100% of proceeds to Mozambique. Additionally, the company is involved in meaningful social and conservation projects, and collaborates with iconic design houses like Fabergé.
The new state-of-the-art ore processing plant at Montepuez Ruby Mining is set to triple the current capacity, with a projected throughput of 400 tonnes per hour. This will enable Gemfields to meet increasing global demand for high-quality Mozambican rubies.
The Montepuez Ruby Mining (MRM) concession is co-owned by Gemfields (75%) and local partner Mwiriti Limitada (25%).
The Montepuez Ruby Mining (MRM) concession is situated in the Montepuez district of Cabo Delgado province in Mozambique.
The government's move to amend the long-term capital gains tax regime is likely to drive investment and enhance sales across housing segments.
In 2024, the Indian real estate market continued its transformative journey, driven by a growing middle class and an influx of investments. This year saw a significant shift towards luxury housing, priced between Rs 10 lakhs and Rs 20 lakhs, becoming the
Alexandria Real Estate Equities (NYSE: ARE), a prominent real estate investment trust (REIT) focusing on life sciences properties, is facing significant headwinds in the current market. Despite its robust portfolio, the company must address supply issues
Signature Global, a prominent player in the real estate sector with a market capitalization of ₹15,278.43 crore, has faced a year of challenges, with its shares declining by nearly 14%. In a recent interview, the CEO shed light on the company's strategies
Explore the latest housing market trends in India, where Chennai stands out as the most affordable city, followed by Kolkata. Discover the average launch prices in the top 9 cities and what this means for buyers and investors.
Maharashtra Chief Minister Devendra Fadnavis has called for the timely completion of over 30 key infrastructure projects in the state, emphasizing the importance of these developments for economic growth and improved quality of life.