Rapaport News




Advanced search
Latest Articles
Rough Markets
Polished Markets

Gemfields Emerald Auction Fetches $33M

Apr 4, 2016 9:26 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Gemfields raised $33.1 million after fetching record average prices at its emerald auction in Lusaka, Zambia, from March 30 to April 3.

"Our return to Lusaka has delivered another strong result at a time when global commodity and diamond prices remain volatile and uncertain,” Ian Harebottle, Gemfields’ chief executive officer, said in a statement April 4. “Demand for - and prices of - emeralds clearly remain as robust as ever and gemstone mining represents one of the healthier segments of the sector.”

Gemfields sold 469,000 carats of the 558,000 carats of emeralds on offer at an average price of $70.68 per carat, a record at the company’s auctions, it said in the statement. Of the 18 lots presented, 16 were sold.

The company has generated $412 million across 21 auctions of emeralds and beryl from its Kagem mine since July 2009.
Tags: emeralds, Gemfields, Kagem mine, Lusaka, Rapaport News, zambia
Similar Articles
CIBJOGroups Join Forces on Responsible Sourcing
May 22, 2019
The World Jewellery Confederation (CIBJO) and the ColouredGemstones Working...
GIA to Issue Alexandrite Reports
AGTA Winner Features 7ct. Russian Emerald
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First

Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
twitter twitter
About Rapaport
Advertise with us