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RAPAPORT… Gemfields sold $30.4 million worth of rubies and corundum at
an auction in Singapore last week as prices indicated a healthy market for gemstones.
The company sold 1.1 million carats, out of a total 1.4 million carats offered from the Montepuez ruby deposit
in Mozambique, it said. The
auction was 80 percent sold by volume and 85 percent sold by market value.
While the av…

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