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Gemfields made an average $71.85 per carat - “an all time record for Gemfields auctions”
Emerald Stones
Credit: Kobi Fux

Emerald miner Gemfields raked in $22.4 million at its Singapore auction of higher quality emeralds from its Kagem mine in Zambia (May 14-17). According to Gem Konnect, the company made an average $71.85 per carat, which is “an all time record for Gemfields auctions”.


Lion Emerald Gemfields
Credit: Gemfields


45 companies participated in the auction, which sold 28 of the 35 offered lots, and 72% of the carats offered. According to Gemfields Managing Director of Product & Sales Adrian Banks, Chatree Gems of Thailand won the top lot, which comprised two gems weighing a total of 62 carats, and “set a new record price per carat for Zambian rough emeralds at a Gemfields auction”.


Gemfields Ruby Auction Singapore
Credit: Gemfields


Since Gemfields started the auctions from Kagem in 2009, the miner held 32 auctions, and sold an aggregate $589 million.

Tags: Diamonds News, Diamond Industry News, Diamond Prices News, Gemfields

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