Gemfields Generates $25.5 Million in Revenue from Latest Kagem Mine Emerald Auction
Gemstone producer Gemfields has reported earnings of $25.5 million from its recent auction of commercial-quality rough emeralds sourced from the Kagem mine in Zambia. All 43 lots offered at the auction were successfully sold, achieving an average price of $7.51 per carat. Adrian Banks, Gemfields’ Managing Director of Product and Sales, expressed satisfaction with the auction results, emphasizing the continued strength of the emerald market. He also wished success to their auction partners during the ongoing tradeshow season. Banks stated, “Due to the recent decrease in both the quality and…
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