Johannesburg- and London-listed gemstone miner Gemfields experiences that its newest public sale of higher-quality tough emeralds, recovered from the corporate’s 75%-owned Kagem mine, in Zambia, generated $26.8-million.
The public sale, held from Could 4 to 21, resulted within the sale of 36 of the 37 heaps on supply. Of the 185 135 ct on supply, 183 385 ct have been bought.
The typical realised worth for the public sale was $146.08/ct.
“This public sale consequence demonstrates that, whereas demand for higher-quality emeralds stays steady, the market is presently exercising a level of warning, influenced by ongoing geopolitical tensions and prevailing macroeconomic uncertainty.
“That mentioned, competitors and pricing for the top-tier emeralds remained significantly robust, reflecting the rarity and continued desirability of remarkable gems.
“It also needs to be recognised that the Indian rupee has depreciated by about 10% towards the greenback since Kagem’s earlier higher-quality public sale held in September 2025, creating an extra headwind for a lot of prospects,” Gemfields product and gross sales MD Adrian Banks feedback.
