International News
Gemfields Auctions Revenue Falls Short Of Expectations In 2025
Auction Revenue Slumps to $129m As Demand Skips Smaller Good
Gemfields reported disappointing auction revenue of just $129 million from its seven sales in 2025, well below expectations amid fragile market sentiment and persistent volatility. Demand proved uneven, with buyers shunning lower-quality and smaller-sized goods while showing more interest in premium material.
The coloured-gemstone miner, which operates the Kagem emerald mine in Zambia and the Montepuez ruby deposit in Mozambique, faced operational setbacks at both sites, including delays to Montepuez’s second processing plant, illegal mining, and grade volatility. These issues curtailed premium ruby output, disrupted auction schedules, and reduced cash generation despite tight cost control.
Pricing for high-quality emeralds and rubies improved progressively throughout the year. To strengthen its balance sheet, Gemfields prioritised deleveraging, including the $50 million sale of its luxury brand Fabergé. The company expects plant delays to persist into the first half of 2026 and will release full-year results on 26 March.
International News
Bvlgari Unveils ‘Eclettica’—A Bold New Chapter in High Jewelry and Watchmaking
Maison presents over 150 masterpieces, including transformable creations and the ‘Capolavori’ series, redefining artistry through eclectic design and innovation
Bvlgari has introduced Eclettica, a new high jewelry and high-end watch collection that pushes the boundaries of creativity through a distinctive philosophy of eclecticism. Rooted in the Maison’s ongoing dialogue with art, the collection embodies a fusion of vision, contrast, and imaginative expression—what Bvlgari defines as “artsmanship,” where artistic intuition meets technical mastery.
Marking one of its most ambitious showcases, the collection features over 150 high jewelry creations, including more than 50 exceptional pieces valued at over a million each, and 15 transformable designs—the highest number ever presented by the brand. At its core are nine standout creations known as Capolavori (Italian for “masterpieces”), representing the pinnacle of craftsmanship, innovation, and aesthetic excellence.
Drawing inspiration from Rome’s layered artistic heritage, Eclettica explores sculpture, painting, and architecture as creative foundations. Through these disciplines, the collection plays with volume, light, color, and structure, translating them into bold, wearable works of art. This multidisciplinary approach reflects Bvlgari’s long-standing philosophy of transforming contrast into harmony—a creative method embedded in its identity since its founding in 1884 by Sotirio Bulgari.
Here are the collections that make the eclectic pieces by Bvlgari more unique:

Seres Scarf necklace
The collection showcases a series of extraordinary pieces, including the Seres Scarf necklace inspired by Art Deco geometries and the works of Tamara de Lempicka, crafted with over 1,180 components and centered around a 31.90-carat sapphire.
Secret Garden Necklace
The Secret Garden necklace features a rare 26.65-carat Padparadscha sapphire, evoking Rome’s hidden courtyards. The Eclettica Secret Garden High Jewellery necklace by Bvlgari is centred on a rare 26.65-carat Padparadscha sapphire from Sri Lanka, its unique hue evoking the warmth of Roman gardens at sunset. The composition unfolds around the gemstone, with sapphires, emeralds, onyx, and diamonds arranged in precise geometric contrasts to enhance its colour and radiance. Every element is meticulously calibrated, resulting in a harmonious balance of light, structure, and vivid chromatic expression.


Serpenti Illusio
Serpenti Illusio necklace, playing with negative space and form, and the Eclectic Embrace collar inspired by the intricate architecture of Sammezzano Castle.
Inconto Segreto Ring
Incontro Segreto ring reinterprets the iconic toi et moi design with a diamond and Colombian emerald pairing.


Serpenti Infinia bracelet
The Eclettica Serpenti Infinia High Jewellery bracelet stands as a striking example of Bvlgari’s artistry, centred around a 7.49-carat custom-cut diamond designed to mirror the fluid anatomy of the iconic Serpenti. Surrounding the stone, brilliant- and baguette-cut diamonds form meticulously carved scales, creating a seamless play of light and movement. Crafted over nearly 1,800 hours—including 1,385 hours dedicated solely to diamond cutting—the piece embodies precision, innovation, and sculptural elegance.
Serpenti Imperial Heart necklace
Serpenti Imperial Heart High Jewellery necklace is centred on a remarkable 30.75-carat Golconda-type diamond (D-IF), forming the head of the iconic serpent in a bespoke star-shaped mounting. Composed of around 180 articulated elements for fluidity and volume, the piece has been crafted over more than 1,400 hours, embodying technical mastery and timeless elegance.

Expanding beyond jewellery, Eclettica also ventures into high-end watchmaking. The Notte Stellata Diva watch pays tribute to Rome’s celestial origins, combining gemstones and precious metals to create a dial resembling a starry sky. Powered by the Piccolissimo BVP 100 micro-movement, the timepiece merges Swiss horological expertise with artistic storytelling.

Notte Stellata Diva watch
Set with 8.33 carats of white diamonds, 2.04 carats of yellow diamonds, and 7.60 carats of blue sapphires, Notte Stellata Diva watch houses the Piccolissimo manufacture manual-winding mechanical micro movement, just 2.5mm thin, with a 30-hour power reserve and a frequency of 21,600 Vph (3Hz).
Commenting on the collection, Lucia Silvestri noted that eclecticism is deeply embedded in the Maison’s DNA, guiding the creative process through diversity, contrast, and inspiration drawn from multiple artistic realms.
With Eclettica, Bvlgari reaffirms its position at the intersection of art, craftsmanship, and innovation—presenting a collection where jewellery and timepieces transcend adornment to become expressions of bold, contemporary artistry.
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