GEMSWORLD | 18 | 2024 INSIGHT 精辟洞见 Kagem emerald mine in Zambia 赞比亚卡棋穆祖母绿矿 Gemfields’ continued success hinges upon a multipronged strategy spanning core operational pillars: Auctions, collaborations and corporate responsibility. The year 2023 marked glittering achievements in these respective categories, with the company eyeing sustained growth in 2024, fuelled by solid consumer demand and improving economic fundamentals. Robust business Gemfields’ auction arm performed strongly in 2023, thanks to steady sales. Its final auction of the year, which offered mixed-quality rough rubies from Mozambique, generated revenues of US$69.5 million, signalling the ongoing strength of the ruby market. Held from November 20 to December 5, 2023, it featured rubies mined by Montepuez Ruby Mining Limitada (MRM). Gemfields has a 75 per cent stake in MRM while its Mozambican partner, Mwiriti Limitada, owns the other 25 per cent. All 97 lots, or a total of 239,591 carats, sold at the auction, with an average realised per-carat price of US$290.02. This brings total revenues from MRM’s 21 auctions since June 2014 to US$1.05 billion. Gemfields’ Managing Director of Product & Sales Adrian Banks said ruby prices at Gemfields auctions grew steadily in recent years. He added, “This auction has shown that demand and pricing for rough rubies is decidedly healthy. Gemfields’ total auction revenue for 2023 stands at US$242 million, the second highest in our history. This auction also takes Gemfields past the milestone of US$2 billion in cumulative emerald and ruby auction sales.” Building alliances Gemfields also partnered with several jewellers to further highlight the exceptional allure of Zambian emeralds and Mozambican rubies. The Sandy Leong x Gemfields Serenity Collection, a collaboration with the New York-based jewellery designer Ruby and emerald specialist Gemfields fortifies its multifaceted approach to achieving growth, encompassing solid business strategies, sustainability initiatives and dynamic partnerships. 红宝石和祖母绿专家 Gemfields大力推动业务策略、可持续发展和合作伙伴关系，从多方面促进增长。 in ruby and emerald trade Radiant prospects 红宝石与祖母绿前景辉煌 Emerald twist cocktail ring from the Sandy Leong x Gemfields Collection; rough Zambian emeralds from Gemfields; Kundal earrings with Mozambican rubies and pearls from The Line x Gemfields ‘Songbird’ Collection. Sandy Leong x Gemfields系列的Twist祖母绿鸡尾酒戒指; Gemfields的赞比亚祖母绿原石; The Line x Gemfields ‘Songbird’系列的Kundal耳环，采用莫桑比克红宝石和珍珠制作
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