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.
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.
International News
Tanishq USA & Bibhu Mohapatra Unveil ‘She Is the Balance’ at Manhattan for Fall 2026
A celebration of heritage craftsmanship and modern philosophy, the collaboration honours the spirit of the Brahma-vadinī on the global runway
For the third consecutive season, celebrated designer Bibhu Mohapatra has partnered with Tanishq USA, deepening a collaboration rooted in heritage, craftsmanship and shared creative philosophy. Their Fall 2026 showcase, titled “She Is The Balance,” marks a powerful continuation of this dialogue between couture and fine jewellery.



Bibhu Mohapatra emphasised the alignment between his design vision and Tanishq’s legacy of master artisanship. He highlighted the reverence with which generations-old techniques are preserved and reinterpreted, noting that true luxury lies in integrity of process. The sculptural gold forms and intricate detailing crafted by Tanishq’s artisans seamlessly complemented his collection’s exploration of strength and softness.



The Fall 2026 collection draws inspiration from the Brahma-vadinī — the fearless women philosophers of the Vedic era who pursued knowledge and truth beyond societal boundaries. Reimagined for the contemporary world, Mohapatra’s muse is the intellectual woman — intuitive yet rational, contemplative yet commanding. The jewellery was not merely an accessory, but an architectural extension of the garments, integrated deliberately into the storytelling of each silhouette.
More than a showcase of design, She Is The Balance stands as a statement of intention. Both houses reaffirm their commitment to sustaining craft communities and honouring India’s heirloom traditions while presenting them through a distinctly modern lens. From backstage preparation to runway brilliance, the Bibhu x Tanishq USA collaboration reflects a vision of luxury that is forward-facing yet deeply rooted — where heritage is not a memory preserved, but a legacy lived.
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International News6 hours agoTanishq USA & Bibhu Mohapatra Unveil ‘She Is the Balance’ at Manhattan for Fall 2026
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