• By Admin
• 18 Nov, 2024
• IT Services

Record Auction Results for Mozambique Rubies

Mozambique has reinforced its position as a global leader in the ruby market, following the success of a recent auction of rough rubies extracted from the renowned Montepuez region. The auction achieved record-breaking revenues, reflecting the increasing international demand for high-quality Mozambican rubies.

Key Highlights:

• The auction featured mixed-quality rough rubies sourced from Montepuez, a globally recognized region known for producing gem-quality rubies.
• Record revenues and all-time high average prices per carat were achieved, highlighting the superior quality and demand for rubies from Mozambique’s rich geological formations.
• Mozambique’s ruby production continues to be a key driver for the global gemstone market and the local economy.

Group Ruby Licenses Near Montepuez

Africa Mining’s Natata-Chipembe Ruby & Gold Project, located in Cabo Delgado Province, lies close to the Montepuez region and shares similar geological characteristics. The project covers an extensive area and has already confirmed primary and secondary ruby deposits in amphibolites and gravel beds, alongside traces of sapphire, garnet, and tourmaline.
With licenses in such strategically significant regions, Africa Mining is well-positioned to capitalize on the growing demand for ethical and high-quality rubies, ensuring sustainable exploration and long-term value creation.