Day

November 13, 2017

Record auction result – US$55 million generated

Pallinghurst is pleased to announce the results of an auction of rough rubies held by its 100% subsidiary, Gemfields plc (“Gemfields”), in Singapore from 6 – 10 November 2017. The rough rubies were extracted by Montepuez Ruby Mining Limitada (“MRM”, which is 75% owned by Gemfields and 25% by local partner Mwiriti Limitada) from the licence held by MRM in the Montepuez district of Mozambique.