International News

Gemfields Generates $4.8 Million from Mini-Auction of Higher-Quality Emeralds

Mini-auction of unsold emeralds from November 2024 shows a promising rise in demand and prices, with 77% of lots sold.

Published

2 years ago

February 25, 2025

Gemfields has reported strong results from its mini-auction held from February 19 to 21, 2025, featuring higher-quality emeralds that had remained unsold during its November 2024 auction. The event raised $4.8 million in revenue, signaling a notable recovery in demand and pricing within the emerald market.

Auction Performance:

Total revenue: $4.8 million
Lots sold: 10 out of 13 (77%)
Carats sold: 45,864 out of 59,192 (77%)
Average price per carat: $105.49

Adrian Banks, Managing Director of Product & Sales at Gemfields, highlighted that the auction offered a valuable opportunity to assess current market trends. “This auction exclusively featured unsold lots from Kagem’s November 2024 higher-quality emerald auction. With the same schedules in place, we could directly compare demand and pricing, and it was encouraging to see a notable increase in bids. Despite a subdued market sentiment, the rise in demand and pricing is a positive sign for the sector,” said Banks.

The emeralds sold were mined at the Kagem mine in Zambia, where Gemfields holds a 75% stake, while the Industrial Development Corporation of Zambia owns the remaining 25%. Proceeds from the auction will be fully repatriated to Kagem, with royalties paid to the Government of Zambia based on the final sales prices.

With positive market signs emerging, Gemfields remains optimistic about the upcoming trade shows in Bangkok and Hong Kong, anticipating further recovery in the emerald market.

Related Topics:2025 Gemfields Gemfields Generates $4.8 Million from Mini-Auction of Higher-Quality Emeralds internationalnews

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International News

Jewelers International Showcase Fall 2026 Returns To Miami Beach This October

JIS Fall 2026 Brings Together 600+ Exhibitors In Miami For Holiday Sourcing,Networking and Trend-Focused Insights.

Published

5 hours ago

September 23, 2026

JewelBuzz Spread The Buzz

The Jewelers International Showcase (JIS) has announced that JIS Fall 2026, one of the largest trade-only jewelry buying events in the Western Hemisphere, will take place from October 16–19, 2026, at the Miami Beach Convention Center.

Positioned perfectly ahead of the peak holiday retail season, JIS Fall serves as a premier destination for jewelry retailers, wholesalers, and buyers looking to secure high-margin holiday inventory and place advance orders for the upcoming year. The four-day sourcing event brings together more than 600 domestic and international exhibitors displaying an extensive range of fine and fashion jewelry, bridal collections, loose diamonds, colored gemstones, gold, silver, and cutting-edge business services.

Key Highlights & Networking Events

In addition to comprehensive product sourcing across expansive show floors, JIS Fall 2026 will feature dedicated networking events and educational opportunities designed to give retailers a competitive edge:

JIS Unwrappedl:An evening networking session fostering informal connections among buyers, designer brands, and industry leaders.
On Trends Talks:Expert-led educational panels providing actionable insights into consumer purchasing behavior, emerging product trends, and holiday marketing strategies.

JIS Fall continues its decades-long tradition as an essential sourcing hub, allowing retailers to walk away with immediate delivery items on-site or lock in production schedules ahead of the year-end rush.