Mustang Auction/Tender October Now Just 4 Months Away, page-10

Hi Guys,

Just doing research on what's probably already been done to death, but I think the most comparable GEM auction was for approx $28m.

Details were - $318 per carat, selling 90,642 out of 92,136 carats, or 45 out of 49 lots, according to a Gemfields statement December 21,2015.  It sold 98 percent by weight and 95 percent by market value.

This was for higher quality rubies.

I suspect our 200k carat auction should yield closely equivalent results - even assuming 50% are lower quality & 50% of similar.

Source of data was :

http://www.diamonds.net/News/...

Get in quick, we're already moving.

Cheers,
Capt Amazing