gemfields ruby auction, page-55

Location of auction is also important for sucess. The UK based GEM conducting auction in Singapore. Because there they can get 100 buyers to visit instead of 40. The buyers traveling less distance spend n. Less time.They don' know whether they can get rubies of their requirements.More sale of medicines near Hosphital and less in petrol station.
Asians particularly Indians spend more on jewels .for marriage they give bride 200g to 1000g+ gold jewels(21 c not 9c) . So in Singapore even cheaper rubies they can get buyers. GEM s trick is choosing the Auction venue .First we have to go to buyers if buyers happy than they will come to us wherever we conduct auction.

AND Vincent s tweeting mood now is happier than when he was with MUS.

Anyway mus has to improve grading. And we have to reduce our expectations of cost/ct. 100$/ c in average is not ressonable.

DYOR.