Mozambique: First ruby auction in the country raises more than US$214,000 in Nacala

Mozambique held its first ruby auction in Nacala during the eighth Nampula Annual Gem Fair. Zambrock & Mining Exploration secured the gemstones with a winning bid of US$214,498, roughly 13.7 million meticais. The auction marks a milestone for domestic gemstone trading and highlights the commercial value of Mozambique’s mineral resources.

Summary written by SeeCave. The full story belongs to the original publisher.