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Gemfields reports record emerald auction

Emerald demand appears to be bouncing back, as Zambia-based miner Gemfields reports a “positively surprising outcome” from its latest round of Zambian gemstone auctions.

Gemfields reports record emerald auction Gemfields reports record emerald auction Gemfields reports record emerald auction Gemfields reports record emerald auction Gemfields reports record emerald auction

The auctions, held between May 15 and June 1, yielded record revenues for a Kagem emeralds auction, at US$43.7 million. All 35 lots offered were sold, at a total of 264,000c, with 69 bidders reported.

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