Focused on development of the world-class Montepuez Ruby Project
Global Ruby Market Overview
- Global ruby market size estimated at US$2billion p.a (2014)– total coloured gemstones at US$8.3billion p.a (2015)
- Rubies are the most expensive gemstone after diamonds, with fine rubies +5cts extremely rare
- Before Montepuez, supply was fractured and unreliable (Burma, Tanzania, Madagascar)
- Strong demand from US, Europe, India, Thailand and China
- Consumer demand has caused prices of rubies to increase 63% over past 8 years
- 25.59cts “Sunrise” ruby ring sold for US$30million in June 2015 Sotheby’s Geneva auction
- Mozambique alluvial rubies selling for over US$680 per carat with quality that matches Burmese ‘Pigeon-Blood’ rubies • Luxury branded jewellery continues to outperform the overall luxury goods category
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