SourcingMay 09, 2025
Gemfields Resumes Emerald Mining in ZambiaSourcingMay 29, 2025
Grizzly Auctions 6,620-Carat Emerald
It was featured in the miner’s latest sale, which brought in $24.8 million.
The 6,620-carat “Pilala” emerald was one of 112 lots offered at Grizzly’s recent medium- to high-grade rough emerald auction.
Lusaka, Zambia—Grizzly Mining Ltd. announced that its May emerald auction garnered $24.8 million.
The international auction featured medium- to high-grade rough emeralds from its flagship mine in Zambia.
Of 112 lots offered, 105 sold, totaling 1.49 million carats.
The offering included a number of particularly high-grade, high-carat emeralds, the miner said, such as the 6,620-carat “Pilala” emerald.
The stone was sourced from the Camara pit, one of the first licenses Grizzly acquired in 1997.
It exhibited intense fluorescent color and exceptional transparency, said Grizzly.
The giant gemstone attracted highly competitive bidding, according to Grizzly, and ultimately, KBK Gem Stones won the lot.
The company, based in Jaipur, India, has been a client for more than 20 years and consistently attended Grizzly’s auctions in Zambia and Dubai.
“I am pleased and proud to announce that this has been another strong auction for Grizzly,” said Abdoulaye Ndiaye, Grizzly chairman.
“Our medium- and high-grade stones remain in high demand from our clients, as evidenced by our sales numbers. Hosting these auctions on a regular basis ensures that we can continue to supply the growing market for outstanding colored gemstones.”
The May auction took place in Dubai, United Arab Emirates, via an online platform specifically adapted for Grizzly, allowing customers to participate in a secure, confidential, sealed-bid process. The lots were made available for in-person viewings in Dubai prior to the sale.
A total of 123 clients from Europe, Asia, and Africa attended the auction.
Grizzly Mining was founded in 1997. The Zambian mine produces around 60 million carats a year, with quarterly auctions in-country and internationally.
Related stories will be right here …
The international auction featured medium- to high-grade rough emeralds from its flagship mine in Zambia.
Of 112 lots offered, 105 sold, totaling 1.49 million carats.
The offering included a number of particularly high-grade, high-carat emeralds, the miner said, such as the 6,620-carat “Pilala” emerald.
The stone was sourced from the Camara pit, one of the first licenses Grizzly acquired in 1997.
It exhibited intense fluorescent color and exceptional transparency, said Grizzly.
The giant gemstone attracted highly competitive bidding, according to Grizzly, and ultimately, KBK Gem Stones won the lot.
The company, based in Jaipur, India, has been a client for more than 20 years and consistently attended Grizzly’s auctions in Zambia and Dubai.
“I am pleased and proud to announce that this has been another strong auction for Grizzly,” said Abdoulaye Ndiaye, Grizzly chairman.
“Our medium- and high-grade stones remain in high demand from our clients, as evidenced by our sales numbers. Hosting these auctions on a regular basis ensures that we can continue to supply the growing market for outstanding colored gemstones.”
The May auction took place in Dubai, United Arab Emirates, via an online platform specifically adapted for Grizzly, allowing customers to participate in a secure, confidential, sealed-bid process. The lots were made available for in-person viewings in Dubai prior to the sale.
A total of 123 clients from Europe, Asia, and Africa attended the auction.
Grizzly Mining was founded in 1997. The Zambian mine produces around 60 million carats a year, with quarterly auctions in-country and internationally.
More on Sourcing
The Latest
Policies & IssuesMay 29, 2025
Trade Court Declares Trump’s Tariffs InvalidThree federal judges ruled that Trump exceeded his authority in imposing sweeping tariffs, a ruling his administration already has appealed.
CollectionsMay 29, 2025
Britney Spears Files Trademark for New Jewelry LineThe pop icon is one step closer to launching her “B Tiny” jewelry collection, a collection she first began posting about last fall.
Supplier BulletinMay 29, 2025
Inoveo Platinum Grain, Exclusively Distributed by StullerSponsored by Stuller
Brought to you by
Clienteling Isn’t a Buzzword. It’s an Essential Business Model.More shoppers are walking out without buying. Here’s how smart jewelers can bring them back—and the tool they need to do it right.
TechnologyMay 29, 2025
GemFind Launches AI Product Description SoftwareGemText AI uses artificial intelligence to generate tailored product titles, descriptions, and tags with jewelry-specific language.
Weekly QuizMay 22, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
MajorsMay 28, 2025
Graff Unveils New Las Vegas FlagshipThe 3,300-square foot location is the jeweler's largest store in North America.
CrimeMay 28, 2025
8 Convicted in Kim Kardashian Jewelry Heist TrialAging and with myriad health issues, none will serve time for their roles in robbing the billionaire celebrity at gunpoint in 2016.
Brought to you by
Las Vegas Antique Jewelry & Watch Show: Showcasing the Most Collectible Merchandise from Across the GlobeGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
CollectionsMay 28, 2025
NY Liberty’s 2024 Championship Rings Honor Historic WinThe WNBA team received rings imbued with meaning, from leaf motifs and its Liberty torch to the number of diamonds used.
MajorsMay 28, 2025
Andrew Rickard Named JBT PresidentA longtime executive at RDI Diamonds, Rickard has served on the JBT board for the past five years.
MajorsMay 27, 2025
MJSA to Become Part of Jewelers of America The two organizations have signed an affiliation agreement that’s expected to be finalized in the coming weeks.
AuctionsMay 27, 2025
Al Capone’s Patek Philippe Pocket Watch Back Up for AuctionThe platinum and diamond watch is part of Sotheby’s upcoming Important Watches sale.
AuctionsMay 27, 2025
182-Carat Paraíba-Type Tourmaline Sells for $487K Recovered in Mozambique, “The Kat Florence Lumina” was part of Bonhams’ Hong Kong jewelry auction held last week.
TrendsMay 27, 2025
Amanda’s Style File: Candy-Colored GemstonesGet a taste of the delicious candy-like gemstones in this Amanda’s Style File.
CrimeMay 23, 2025
JSA Shares Holiday Weekend Security Tips Amid Spike in BurglariesJSA’s Scott Guginsky provided a list of nine security measures jewelers should observe while locking up for the long weekend.
CollectionsMay 23, 2025
Piece of the Week: Bliss Lau’s ‘Bright’ RingFrom Lau’s “Love of a Kind” series, the engagement ring was inspired by the moon and holds a different meaning depending on how it is worn.
GradingMay 23, 2025
GIA Updates Pearl Classification SystemThe lab has adjusted the scale it uses for nacre grading.
Supplier BulletinMay 22, 2025
How to Put Natural Diamonds Back in the SpotlightSponsored by GCAL by Sarine
CrimeMay 22, 2025
NY Jeweler Sentenced in Shoving Death of Colleague at IJO ShowDavid Walton will serve three years’ probation after an incident in a hotel bar led to the death of West Virginia jeweler David Ettinger.
FinancialsMay 22, 2025
Watches of Switzerland’s Full-Year U.S. Sales Climb 14% The retailer also provided an update on how the tariffs situation in the U.S. is affecting its business.
IndependentsMay 22, 2025
Adeler Jewelers Celebrates 50 YearsThe family-owned jeweler in Great Falls, Virginia, will be celebrating its golden jubilee with a year’s worth of events.
Events & AwardsMay 22, 2025
Jose Hess Design Awards Announce JudgesThe nonprofit elected five judges who will decide the winners of its design competition.
MajorsMay 22, 2025
MJSA Releases 2025-2026 Buyer’s GuideThis year’s edition includes articles on the favorite tools of notable designers, evaluating when to outsource production, and more.
CollectionsMay 21, 2025
Bulgari Highlights Its Colorful Past in Phenomenal ‘Polychroma’ CollectionThe jeweler’s high jewelry collection features extraordinary gemstones, like a 241.06-carat emerald and the world’s fourth-largest spinel.
ColumnistsMay 21, 2025
Edahn’s Take: Analyzing the 2025 ‘$100 Million Supersellers’ List In a special column for the State of the Majors, Edahn Golan breaks down what the top-performing fine jewelry sellers are doing right.
MajorsMay 21, 2025
Beyoncé Dons Brilliant Earth Necklace During Cowboy Carter TourThe bolo tie necklace is inspired by “Queen Bey” and set with a nearly 15-carat black diamond.
MajorsMay 20, 2025
Annie Doresca to Lead DCA as New CEO, PresidentCurrent Diamond Council of America President and CEO Terry Chandler is set to retire in January 2026.
