SourcingSep 09, 2026
Fura Gems Notes ‘Remarkable’ Interest in Larger Rubies at Latest SaleSourcingSep 14, 2026
Gemfields Sells All Lots at First Emerald Auction in 9 Months
The company’s managing director of sales said the results demonstrate “continued strong demand for commercial-quality emeralds.”
Colored gemstone miner Gemfields just announced the results of its latest commercial-quality emerald auction. In-person viewings of the auction’s lots took place in Jaipur, India. The auction took place online over a three-week period beginning Aug. 24.
London—Gemfields just concluded its first commercial-quality emerald auction in nine months and reported strong interest in its goods as well as continued demand for emeralds.
The colored gemstone miner announced Friday that the online auction, held Aug. 24 to Sept. 10, generated $29.6 million in revenue, with all 44 lots offered finding buyers and the average sales value nearing $10 per carat.
Adrian Banks, the company’s managing director of product and sales, said he was “encouraged by this robust result.”
Metrics were up across the board compared with the company’s last emerald auction, held in November/December 2025.
Sales increased nearly 17 percent ($25.4 million to $29.6 million); percentage of lots sold rose from 98 percent to 100 percent; and price per carat jumped 30 percent ($7.46 per carat to $9.72 per carat), though Gemfields noted that the mix of goods varies from auction to auction, meaning the results aren’t always directly comparable.
“Viewing activity in Jaipur was intense throughout the auction, reflecting a high level of customer engagement, with very positive feedback regarding both the quality of the emeralds and the composition of the lots offered,” Banks said.
“This result demonstrates continued strong demand for commercial-quality emeralds and reflects the solid production performance delivered by Kagem over the past year.”
Related stories will be right here …
The colored gemstone miner announced Friday that the online auction, held Aug. 24 to Sept. 10, generated $29.6 million in revenue, with all 44 lots offered finding buyers and the average sales value nearing $10 per carat.
Adrian Banks, the company’s managing director of product and sales, said he was “encouraged by this robust result.”
Metrics were up across the board compared with the company’s last emerald auction, held in November/December 2025.
Sales increased nearly 17 percent ($25.4 million to $29.6 million); percentage of lots sold rose from 98 percent to 100 percent; and price per carat jumped 30 percent ($7.46 per carat to $9.72 per carat), though Gemfields noted that the mix of goods varies from auction to auction, meaning the results aren’t always directly comparable.
“Viewing activity in Jaipur was intense throughout the auction, reflecting a high level of customer engagement, with very positive feedback regarding both the quality of the emeralds and the composition of the lots offered,” Banks said.
“This result demonstrates continued strong demand for commercial-quality emeralds and reflects the solid production performance delivered by Kagem over the past year.”
The Kagem emerald mine is in Zambia. Gemfields owns 75 percent of the mine and the Industrial Development Corporation of Zambia, a state-owned investment company, owns the remaining 25 percent.
In December 2024, Gemfields announced it would halt production at the mine on Jan.1, 2025, as part of cost-cutting measures and in response to market conditions. At the time, Gemfields said there was too much supply and not enough demand.
Mining at the site resumed five months later, in May 2025, as rough emerald sales improved.
The company’s April 2025 auction was 89 percent sold by lot, a vast improvement from August/September 2024, when only 61 percent of lots found buyers.
Sales increased from $10.8 million to $16.4 million, and average sales value improved, increasing from $4.47 per carat to $6.87 per carat.
Results improved again in the aforementioned auction held at the end of 2025, which was 98 percent sold by lot and generated $25.4 million, with price per carat climbing to $7.46.
More on Sourcing
The Latest
AuctionsSep 14, 2026
22 Carats of ‘Sunshine’ Are Up for AuctionThe 22.09-carat fancy yellow “Pragnell Kimberley Sunshine Diamond” is part of the fall jewelry sale at Heritage Auctions.
IndependentsSep 14, 2026
Greenwich St. Jewelers to Unveil Photography Exhibition“Adornos: Jewelry, Memory & What We Pass Down” honors the jewelry’s importance to New York City’s Latine communities.
CollectionsSep 11, 2026
A Sapphire ‘Stardust’ Ring From Greenwich St. Jewelers The Latine-owned New York jeweler is marking two milestones this year: its 50th anniversary and the 25th anniversary of the 9/11 attacks.
Brought to you by
Your Piece Could Be the One Editors Talk AboutSubmit your pieces for a chance to win in this year's competition.
ColumnistsSep 11, 2026
Sherry Smith: Stop Waiting for December to Save Your ChristmasThe stores that have a great December are the ones that made good decisions in August, September, and October, Sherry Smith writes.
Weekly QuizSep 10, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
MajorsSep 11, 2026
The Wishing Place by JTV OpensThe jewelry retail broadcast network has sponsored a new space for Make-A-Wish East Tennessee on its campus in Knoxville.
Events & AwardsSep 11, 2026
The Edge Awards Scholarships to 2 Young Jewelry ProfessionalsThe recipients were recognized at the 24 Karat Club of the Southeastern United States’ annual banquet.
Brought to you by
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying EventsRetailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.
MajorsSep 10, 2026
Lagos Founder Steven Lagos Steps Down as CEO Keith Rolfe, CFO and COO of Lagos, is now at the jewelry brand’s helm while Steven takes on the role of executive chairman.
CrimeSep 10, 2026
FBI Offers $50K Reward for ‘Most Wanted’ Fugitive in $1M Jewelry HeistAlberto Perez-Elias is one of four men charged in the armed robbery of a Cape Coral, Florida, jewelry store and remains at large.
AuctionsSep 10, 2026
Massive Matched Pair of Paraíba Tourmalines Head to Sotheby’sThe “Kat Florence Luminas” will be offered together as one lot and could fetch up to $637,000.
AuctionsSep 10, 2026
Former Sotheby’s, Christie’s Exec Appointed CEO of Julien’s Auctions Ken Citron joins the celebrity memorabilia-focused auction house ahead of its first week-long series of events in Abu Dhabi.
FinancialsSep 09, 2026
Signet Jewelers to ‘Double Down’ on Blue Nile Amid Strong SalesThe jewelry retailer said it sees opportunity at higher price points, particularly in natural diamonds for bridal and fashion.
IndependentsSep 09, 2026
Sarah Leonard Fine Jewelers Closes After Nearly 80 YearsThe Los Angeles-based, family-owned jeweler was founded by Lenny and Sunny Friedman in 1946.
SourcingSep 09, 2026
Fura Gems Notes ‘Remarkable’ Interest in Larger Rubies at Latest SaleThe auction, held in Bangkok, was 96 percent sold by lot, with nearly 411,000 carats of Mozambiquan rubies sold.
MajorsSep 09, 2026
Stuller’s Latest Catalog Includes Its New Demi-Fine CollectionFine Jewelry 2027-2028 has more than 900 new styles, including silver, gold-filled, gold-plated sterling silver, and vermeil jewelry.
Policies & IssuesSep 09, 2026
8 Key Changes the FTC Made to the Jewelry Guides: A Refresher Learn more about the new terms for lab-grown diamonds and composite gemstones, and the major changes in store for precious metals jewelry.
IndependentsSep 08, 2026
Ricky Bromberg, Longtime President of Bromberg & Co., Dies at 67 Bromberg is remembered as a Southern gentleman who always wore a suit and tie and treated others with kindness.
TrendsSep 08, 2026
Amanda’s Style File: A Hot Take on September’s Birthstone With high durability and a wide range of colors to choose from, sapphires may be the ultimate birthstone, Gizzi claims.
ColumnistsSep 08, 2026
Peter Smith: Humor Is No Laughing MatterLaughter is often considered a distraction in the workplace, but it has benefits for both staff and management, Peter Smith writes.
MajorsSep 08, 2026
Former Tiffany & Co. Exec Joins Exemplar Luxury GroupGretchen Koback Pursel is the new chief people officer at the company formerly known as Saks Global.
IndependentsSep 04, 2026
Orloff Jewelers Will Soon Unveil a Bigger, Better LocationThe California jeweler is renovating its store in Fresno, with plans to show off the new space in December.
CollectionsSep 04, 2026
Chelsea Gabrielle Transforms Pilates Reformer Springs Into Ring A lifelong practitioner of Pilates, Gabrielle looked to the springs’ tension and suspension when creating this ring, our Piece of the Week.
Events & AwardsSep 04, 2026
JCK Industry Fund Accepting 2027 ApplicationsThe deadline to apply is Nov. 13.
AuctionsSep 04, 2026
Christie's Names New Global Head of WatchesThe auction house has promoted Remi Guillemin, formerly its head of watches for the Americas and EMEA, to the role.
EditorsSep 03, 2026
Q&A: Simon G.’s CEO on Why He Won’t Use AI for Jewelry DesignZaven Ghanimian discussed the value of human craftsmanship and where the implementation of artificial intelligence does work.
Events & AwardsSep 03, 2026
Here Are the First Recipients of Nina Pugliese Memorial Scholarship Jewelers of America also revealed the recipients of the Seymour & Evelyn Holtzman Bench Scholarship and its own scholarship programs.
