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Gemfields Holds First Ruby Sale Since 2019 RAPAPORT... Gemfields brought in $58.9 million at its first auction of rough rubies in more than a year, expressing optimism as operations at its Mozambique mine gradually resumed. The miner held seven small sales of high-, medium- and commercial-quality goods between March 15 and April 8, noting on Thursday that its last ruby auction had been in December 2019. Viewings took place in Bangkok, Thailand, and in Jaipur, India, as well as in Dubai, followed by submissions of sealed bids through an online platform. Some 52 companies placed offers, with ...

Thousands of Queenslanders have been urged to move to higher ground after the state was battered by heavy rainfall that's expected to last for another week. Queensland Fire and Emergency Services issued the warning for residents in Sapphire, in the Central Highlands Region just before 5am on Wednesday, after the area received more than 130mm of rain in three hours. 'Due to heavy rainfall, the Retreat Creek is rising rapidly and major flooding is expected. Properties in low-lying areas are likely to be impacted,' the warning said. 'Council advises residents to warn neighbours, secure belonging...