Grizzly generates $32.5m from gems auction
Published On July 19, 2024 » 484 Views» By Times Reporter » Business, Stories
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• ONE of the emerald cuts that was auctioned by Grizzly Mining Limited in Dubai, United Arab Emirates. Picture courtesy of Grizzly Mining Limited.

By CHATULA KANGALI –
GRIZZLY Mining Limited has generated a revenue of $32.5 million from its latest auction held in Dubai, United Arab Emirates(UAE).
The auction featured mid- to high-grade rough emeralds from Grizzly’s flagship mine in Lufwanyama District, Zambia.
The company says the event attracted 96 clients from Europe, Asia, and Africa, who participated in the bidding process.
Grizzly stated on its website posting that out of 142 lots offered, 134 lots (94.36 percent) were sold, totaling 1.3 million carats of emeralds.

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