Market Dynamics & Opportunity
- Ruby market is estimated at US$2 billion in $US5 billion per annum coloured gem market – most expensive coloured gemstone
- Huge upside considering this was the value of the global diamond market in the 1950’s
- Previous supply from Burma (Myanmar), Tanzania and Madagascar unreliable and fragmented
- Mozambique regarded as the world’s most reliable and stable supplier of rubies
- Ruby market in desperate need for consistent, transparent and ethically sourced product in the near term
- Mustang Resources will be central in this process
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