Editor’s Note
This report highlights a positive trend in the colored gemstone market, with Gemfields’ latest auction indicating renewed demand and stronger prices for high-quality emeralds.
Gemfields, a leading supplier of responsibly sourced colored gemstones, has reported positive results from its latest emerald auction. The auction, held in Singapore, saw a notable improvement in the average price per carat compared to previous sales, signaling a strengthening market for high-quality emeralds.
The company offered a selection of rough emeralds from its Kagem mine in Zambia, with a significant portion of the material being successfully sold. Industry analysts attribute the price increase to a combination of factors, including constrained supply from key mining regions and robust demand from key manufacturing centers, particularly in India.
The successful auction is seen as a positive indicator for the colored gemstone sector, which has shown resilience despite broader economic uncertainties. Gemfields’ transparent auction model is credited with bringing greater price discovery and stability to the market.
