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 sturdy sentiment with patrons expressing nice curiosity within the stock that was on supply. 

With over 56 patrons 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 have been positioned. Consumers requested for bigger portions sooner or later auctions. These distinctive, gem-quality rubies of intense color and saturation have 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 high line patrons from Asia and Europe. The marketplace for good-quality gem stones is upbeat and we’re assured that our future auctions will achieve 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 sturdy demand for Mozambican Rubies and we sit up for working with them intently 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 now we have been seeing is superb. We favored the products and it has been an excellent present.”

Henry Ho, Founder and Chairman, AIGS, commented:

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

Chang Hatta of Hatta Superb 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 most interesting 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 worth.

Highlights

• 56 patrons from in and round Asia and Europe attended the public sale
• The businesses positioned 442 bids in whole
• Consumers requested bigger portions by way of the long run auctions