Here’s Who Bought This 7,525-Carat Zambian Emerald
Eshed-Gemstar was the winning bidder for the “Chipembele” during Gemfields’ latest Zambian emerald auction.

The 7,525-carat rough stone was discovered in July by geologists Manas Banerjee and Richard Kapeta and his team.
At the time of discovery, Kapeta shouted, “Look at this rhino horn!” in excitement, Gemfields said, which led them to name the large piece “Chipembele,” which means “rhino” in the local indigenous dialect, Bemba.
Gemfields said it is the largest significant gemstone discovered at Kagem.
Eshed-Gemstar is now the owner of the Chipembele after winning the rough stone during Gemfields’ recent emerald auction.
Terms of the sale were not disclosed.
A portion of the sale’s proceeds will support the North Luangwa Conservation Programme in Zambia, which aids black rhinoceros conservation efforts.
Chipembele features DNA nanoparticle tagging developed by Gübelin Gem Labs as part of its Provenance Proof program, which ensures the resulting cut and polished gems can be identified and certified as having originated from the big piece of rough and the Kagem emerald mine.
Eshed-Gemstar said it also won an “ultra-fine” 935-carat emerald crystal at the auction, which is expected to yield “notable” gems.
Gemfields’ recent emerald sale was comprised of a series of five mini-auctions held from Nov. 1-Dec. 6, which totaled $37.8 million—a record for Kagem auctions—and was 100 percent sold by lot.
The discovery of Chipembele follows two other notable Kagem finds: Insofu, a 6,225-carat emerald discovered in 2010, and Inkalamu, a 5,655-carat emerald found in 2018.
The emerald mine is owned by Gemfields in partnership with the Zambian government’s Industrial Development Corporation.
The Latest

The lab-grown diamond brand also collaborated with the website The Future Rocks on a collection launching today.

The company said it is facing a “challenging retail environment” but is prepared for the holiday season.

It’s the hero piece of the newest "Green Jewel" collection, a collaborative offering from the two mines.

With holiday proposals right around the corner, encourage your customers to go for platinum when making the big purchase.

The 15.48-carat fancy intense “Pink Supreme” topped Christie’s fall jewelry auction in Asia, while a Patek Philippe led the watch sale.


Chris Cramer, who also spent time at Gen Z intimates brand Parade, will take on the dual role.

The stone headlining the upcoming sale could fetch up to $5 million.

In a world where the sparkle of a gemstone is only as brilliant as the trust behind it, IGI's purpose is truly invaluable.

The retail offering lets customers track their diamond’s journey.

From Thanksgiving through Cyber Monday, 200.4 million consumers shopped online and in stores.

The growing company also plans to open more of its own boutiques.

The best quotes from the Oracle of Omaha and his right-hand man Charlie Munger from the 2018 Berkshire Hathaway shareholders meeting.

J. Dostie Jewelers will move from Lewiston to Yarmouth this spring.

It’s the company’s second location in Tennessee.

You can have this jewelry, why don’t you take it?

Next year’s milestone show will be full of educational programming and collaborations.

Sales experts and a diamantaire share their best advice on how to send customers home with diamond jewelry.

The brand has released five new collections.

The Albany Business Review recently honored the 100-year-old company.

To honor his legacy, GIA has set up a scholarship in his name.

There have been eight attacks in the last month, spanning from a jewelry store parking lot in Rhode Island to highways in California.

These 15 pieces of jewelry celebrate November babies and the hues of citrine and topaz that reflect the colors of the season.

The jewelry manufacturer said it can now better serve the North American market.

The jewelry brand takes viewers through a virtual winter wonderland set in New York City.

The organization recognized outstanding industry players at its celebratory event.

India’s voluntary moratorium on rough diamond imports coupled with a stunted recovery in China continue to impact the miner.

Emmanuel Raheb outlines three reasons why Hulu advertising and football can be a game changer for your jewelry store’s marketing.