Sourcing

Fura Gems’ Second Ruby Auction Starts This Week

SourcingApr 20, 2022

Fura Gems’ Second Ruby Auction Starts This Week

A large volume of high-quality rough rubies from Mozambique will be on offer from April 21-29 in Bangkok.

Fura Gems will hold an auction for its ruby material from April 21-29 in Bangkok.
Dubai, United Arab Emirates—Fura Gems is set to hold it second auction of rubies from Mozambique this week.

The colored stone miner’s rubies first went up for auction last September.

Now, they are available to select members of the trade from April 21-29 in Bangkok.

The event will have 419,000 carats of rubies on display, ranging from large single stones to big quantities of calibrated sizes, Fura said. 

Those with inquiries can reach out to Rupak Sen at rupak.sen@furagems.com.

Fura began operating in the area in 2018 with the acquisition of licenses from New Energy Minerals Ltd.

The company now holds a 100 percent interest in three ruby licenses, an 80 percent interest in the three ruby licenses, and 70 percent in one license in the Montepuez District of Cabo Delgado Province in Mozambique.

The assets are located in the Montepuez District and comprise nearly 68,283 hectares of both primary and secondary deposits with both higher and lower quality rubies.

Fura also just held its second auction of rough Colombian emeralds in Sharjah, United Arab Emirates. The colored stone miner said 50 lots of the 54 exhibited in the auction were sold.

 Related stories will be right here … 
Brecken Branstratoris the senior editor, gemstones at National Jeweler, covering sourcing, pricing and other developments in the colored stone sector.

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