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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.
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.
Earnings fall on lower production, despite rising demand
Gemstone demand seen holding up
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