International News
China issues new rules for export management of silver
The Transformation of Design Possibilities
China has issued new rules for the export management of silver, which include a quota system for qualified companies for 2026-2027. This follows a period where quota management for silver exports had been suspended.
The new rules, announced by the Chinese Ministry of Commerce (MOFCOM) on October 30, 2025, aim to “step up the protection of resources and the environment, and enhance the export management” of rare metals including silver, tungsten, and antimony.
Quota System: Export quotas have been reintroduced for silver and certain other rare metals.
Eligibility: The rules specify requirements for domestic manufacturers and traders applying for export qualifications, including criteria related to credit loan quotas and export levels from 2022-2024.
Goal: The measure is intended to ensure only qualified and responsible companies are granted export rights and to strengthen state control over strategic resources.
International News
Gemfields’ Higher-Quality Emerald Auction Fetches $26.8 Million
Strong Demand Continuing For Top-Tier Stones Despite Broader Market Caution Driven By Geopolitical Tensions and Macroeconomic Uncertainty.
Gemfields reported revenues of $26.8 million from its latest higher-quality rough emerald auction, with strong demand continuing for top-tier stones despite broader market caution driven by geopolitical tensions and macroeconomic uncertainty.
The auction, held from 4 to 21 May 2026, saw 36 of 37 lots sold, representing a 97% sell-through rate. Of the 185,135 carats offered, 183,385 carats were sold, achieving an average realised price of $146.08 per carat.
The rough emeralds were mined by Kagem in Zambia. Buyers viewed the lots in Bangkok before bidding through Gemfields’ online sealed-bid auction platform.
Adrian Banks, Gemfields’ MD- Product & Sales, said:
“While demand for higher-quality emeralds remains stable, the market is presently exercising a degree of caution, influenced by ongoing geopolitical tensions and prevailing macroeconomic uncertainty…Competition and pricing for the top-tier emeralds remained particularly strong.”
Banks also pointed to the Indian rupee’s roughly 10% depreciation against the US dollar since Kagem’s previous higher-quality auction in September 2025 as an added challenge for many customers.
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