International News
Gemfields June ‘24 Rubies Auction nets $68.7mn
Gemfields is pleased to announce the results of a ruby auction comprised of mixed-quality rough rubies held during the period 3 to 18 June 2024.
Highlights:
- Total auction revenues of USD 68.7 million
- 94 of the 97 lots (comprising 217,044 carats) offered for sale were sold (97%)
- Average realised price of USD 316.95 per carat
- The 22 auctions of MRM gemstones held since June 2014 have now generated USD 1.12 billion in total revenue
Adrian Banks, Gemfields’ Managing Director of Product & Sales, commented: “This auction marks the 10th anniversary of Gemfields’ first auction in June 2014 of rubies from the Montepuez Ruby Mine in Mozambique. We are pleased to announce another strong result demonstrating the confidence that loyal customers have in our product offering and auction platform. While auction results should not be directly compared, our team is proud to have crossed the milestone of an average selling price of USD300 per carat at this auction.
While the industry is currently facing some headwinds, arising in part from a softening in China, we hope this result provides good comfort to other stakeholders in our sector. As always, our thanks and appreciation goes out to the hardworking team at MRM, our partners Mwiriti and the Government of Mozambique, whose support makes these results and achievements possible.”
The rough rubies were extracted by Montepuez Ruby Mining Limitada. The proceeds of this auction will be fully repatriated to MRM in Mozambique, with all royalties due to the Government of the Republic of Mozambique being paid on the full sales price achieved at the auction.
DiamondBuzz
Refined Protection: Zen Diamond Presents the Reimagined Evil Eye
Crafted in 9kt White Gold, Zen Diamond’s Contemporary Evil Eye Collection Blends Protection with Poised, Everyday Luxury
The Evil Eye has always been a symbol of protection, but at Zen Diamond, it takes on a refined new identity. Crafted in 9kt white gold, marking a new chapter for the brand, the collection introduces a lighter, sleeker approach to luxury that feels effortless yet intentional. Reimagined for modern wardrobes, the Evil Eye Collection moves beyond charm jewellery and familiar clichés, introducing an interpretation designed for expression and poise. This is not a token you tuck away for sentiment, it’s a statement you choose to wear.
Evil Eye Earrings (Circular Motif)
These earrings reinterpret the traditional protective symbol through soft curves and clean geometry. A circular contour gently frames the evil eye, outlined with a halo of diamonds that bring subtle elegance to the overall silhouette. The overall effect is balanced and understated, playful in meaning, polished in execution, and easy to imagine as an everyday signature.
Evil Eye Hoop Earrings
Sculpted in 9kt white gold, these hoop earrings offer a fresh, playful take on the evil eye. Sky-blue topaz, enamel detailing, and softly set diamonds come together in a way that feels light and expressive rather than formal. Balanced and contemporary, the hoops sit comfortably between statement and subtlety, designed for effortless, everyday wear with a sense of intention.
Evil Eye Necklace with Chain Drops
This design stands out for its sense of movement. Diamond-set elements lead into fine chain drops that shift naturally as the necklace is worn, giving the piece a fluid, architectural quality. While the evil eye remains the focal point, the defining feature is the necklace’s movement and the way it responds to light. Together, these elements create a design of poetic elegance that feels both powerful and feminine.
Teardrop Evil Eye Necklace
This necklace reworks the traditional evil eye through a softer, more fluid lens. Instead of rigid lines, the motif appears almost in motion, with a teardrop form that feels gently melted rather than fixed. Diamonds trace the curve of the design, while enamel detailing adds contrast and depth without overpowering the form. Suspended from a fine chain with scattered accents, the piece is an interpretation of protection that’s thoughtful and modern.
source: Zen Diamond
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