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
SIJE 2026 To Host 450+ Global Brands As Singapore Welcomes Back The World Diamond Congress After 38 Years
The Largest Edition In The Expo’s History Will Coincide With The Inaugural Singapore Diamond & Jewellery Week From 9–15 July 2026.
Singapore International Jewellery Expo (SIJE) 2026 is set to stage its largest-ever edition, bringing together more than 450 brands and exhibitors from 26 countries across 10,000 square metres at Marina Bay Sands from 9 to 12 July 2026.
The event will be officially inaugurated by Alvin Tan, Minister of State for the Ministry of Trade & Industry and the Ministry of National Development, Singapore, and is expected to attract around 18,000 trade buyers and consumers over four days.
A major highlight of this year’s edition is Singapore hosting the 41st World Diamond Congress for the first time since 1988, marking the prestigious event’s return to the city-state after 38 years. The Congress, scheduled from 12 to 15 July at PARKROYAL COLLECTION Marina Bay, will bring together global leaders from across the diamond value chain, including miners, manufacturers, traders, retailers and industry associations.
SIJE 2026 also forms one of the two pillars of the inaugural Singapore Diamond & Jewellery Week (SDJW), a week-long celebration running from 9 to 15 July 2026 that will feature retail experiences, industry events, promotions and international showcases across the island nation.
Despite ongoing global economic uncertainties, SIJE 2026 has recorded its strongest international participation to date, underlining confidence in Singapore’s position as a trusted hub for jewellery, luxury retail, gemstones and high-value trade.
The exhibition will feature prominent country pavilions and exhibitors from Italy, Hong Kong and Uzbekistan, alongside leading jewellers, gemstone dealers, luxury watchmakers, designers and manufacturers from around the world.
One of the unique attractions this year will be the display of a replica of the historic Crown of Carlo di Borbone at the Diamond Exchange of Singapore (DES) Pavilion. The crown, originally created in the 18th century for Charles III of Spain, has been reconstructed from historical records and is linked to the legendary “Perfect Colour of Violet” diamond
Organised by Italian Exhibition Group (IEG) Asia, SIJE continues to strengthen Singapore’s role as a gateway to the rapidly expanding markets of Southeast Asia and the Asia-Pacific region.
Industry observers note that the scale of SIJE 2026, coupled with the return of the World Diamond Congress, reflects growing momentum in the regional luxury market and reinforces Singapore’s standing as one of the world’s most important centres for jewellery trade, craftsmanship, innovation and international business exchange.
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