Gemrock is happy to announce the outcomes of its profitable maiden public sale of the best high quality, industrial Mozambican tough rubies held at Bangkok from October 3 – 7. The 5-day public sale witnessed a strong sentiment with consumers expressing nice curiosity within the stock that was on supply. 

With over 56 consumers from in and round Asia and Europe, the maiden public sale was reflective of excellent demand for fine-quality rubies from Mozambique. In all 442 bids had been positioned. Patrons requested for bigger portions sooner or later auctions. These distinctive, gem-quality rubies of intense color and saturation had been extracted from Montepuez district.

Mr. Rishabh Tongya, Founder & Chairman, Gemrock with Dr A.Peretti from GRS Lab

Rishabh Tongya, Founder & Chairman, Gemrock, commented:

“We’re delighted that our inaugural public sale went extraordinarily properly and was attended by among the prime line consumers from Asia and Europe. The marketplace for good-quality gems is upbeat and we’re assured that our future auctions will acquire extra traction.”   

Tim Denning, Bonas Group, commented:

“We’re completely thrilled by the response we’ve had at Gemrock’s inaugural tender with one of many highest variety of attendees. There’s a robust demand for Mozambican Rubies and we look ahead to working with them carefully for his or her subsequent public sale.”

François Garaude, Garaude, commented:

“It has been a really fascinating exhibit. For an inaugural public sale, the response we’ve got been seeing is excellent. We favored the products and it has been a great present.”

Henry Ho, Founder and Chairman, AIGS, commented:

“It has been an especially fascinating expertise; particularly the sorting half. The way in which the products had been sorted was very environment friendly – we might see all colors starting from deep crimson, to mild crimson, pink and purple shades, in addition to the flamboyant selection. The public sale additionally had some superb, busy consumers who very intensely investigating the stock.”

Chang Hatta of Hatta Fantastic Jewelry, commented:

“The worth was very enticing as in comparison with different auctions. In different auctions, the costs simply appear to be on an incline, whereas right here the pricing was affordable. The vary of colors we noticed was additionally good, particularly good for the European market.

The corporate achieved the anticipated costs for its best high quality and is now planning to have the subsequent public sale in First Quarter of 2023. The proceeds of this public sale might be absolutely repatriated to Moza Minerals in Mozambique with all royalties being paid in full on the gross sales value.

Highlights

• 56 consumers from in and round Asia and Europe attended the public sale
• The businesses positioned 442 bids in complete
• Patrons requested bigger portions when it comes to the longer term auctions