Richland sees signs of sapphire pricing recovery

Aim-listed Richland Resources’ strategy shift to larger-scale sales events appears to be yielding results, with CEO Bernard Olivier reporting on Monday that the company had started to see signs of prices recovering. Richland, which owns the Capricorn mine in Queensland, achieved total sales revenue of $388 000 between late October and early November, from the sale of rough heated and unheated sapphires.