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Gemfields (LON:GEM) - Auctions continue apace

Tuesday, Apr 10 2012 by

Apr 10th 2012 - Edison Investment Research today published a report on Gemfields (GEM.L, LSE:GEM, LON:GEM) entitled "Auctions Continue Apace". In summary, the report says:

The March 2012 auction of high-grade emeralds, held in Singapore, reported revenue of US$26.2m, making aggregate sales for the financial year to date of US$68.9m. The nine auctions held since July 2009 have generated revenues totalling US$124.7m. The company has also announced that a fourth auction will be held this financial year. This will be of predominantly lower-quality rough emeralds and held in Jaipur during June 2012. This continues to support our confidence in management’s marketing initiatives and in the strong demand and rising status of Gemfields’ ethical Zambian emeralds.




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Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »