Inventory Valuation and per Carat Estimate for Auctions 1 and 2, page-64

Look at these auction results:



The reason for these very high averages are the rubies below. Don't let these two auction results distort your expectations.


Just to be clear for those with the very high expectations, gemfields had:
- Dec 14 - Rhino Ruby http://www.nationaljeweler.com/diamonds-gems/945-ruby-dubbed-the-rhino-sells-for-undisclosed-sum

- June 15 - Dragons Eyes https://thejewelerblog.wordpress.co...pair-of-rubies-called-the-eyes-of-the-dragon/


Not saying we won't get similar stones, there are chances we might. Just balance your expectations.