International News
Gemfields’ Latest Emerald Auction Posts Strong Price Recovery
Prices climb to $7 per carat as demand rebounds and Kagem mine challenges ease, lifting 2025 revenues to $79 million.
Gemfields has reported a solid performance at its most recent auction of commercial-grade rough emeralds from the Kagem mine in Zambia, marking a notable improvement in prices. The online sale — with physical viewings held in Jaipur between November 17 and December 4 — generated $25.4 million from 45 lots, with buyers snapping up 98% of the goods on offer.
A total of 3.4 million carats of emeralds were sold, fetching an average of $7 per carat, compared with $4 per carat at a similar sale in September last year. The results come despite operational difficulties at Kagem earlier in the year, when mining activities were briefly halted. Even so, Gemfields confirmed that Kagem’s auction earnings for 2025 have already reached $79 million.
Adrian Banks, managing director for product and sales, noted that pricing strength was visible across all qualities, indicating that the market pressures seen in late 2024 and early 2025 have eased. He added that improved sentiment and consistent demand since the third quarter of 2025 have supported the positive outcome.
Since inaugurating its auction program in 2009, Gemfields has conducted 53 sales of Kagem emeralds, generating a cumulative $1.15 billion in revenue.
International News
GJEPC Promotes Key Trade Events At IGI Dubai Event
The Dubai Event Created Opportunities For Participating Indian Exporters To Connect Directly With Potential Buyers.
GJEPC stepped up its international buyer outreach for IIJS Bharat – Signature 2027, IGJS Jaipur and IJEX at an industry event organised by the International Gemological Institute (IGI) in Dubai.
Held at the Almas Tower Ballroom in Jumeirah Lake Towers, the IGI Ornamental QC Seminar brought together an audience of more than 70 jewellers, with leading retailers including Jawhara, Joyalukkas, Tajvi, Vinsmera, La Marquise, Bhima and Cara among the expected participants.
Ashish Sakhardande, Head – IJEX, GJEPC, represented the Council and delivered a presentation on its upcoming exhibitions and initiatives, placing particular emphasis on IIJS Bharat – Signature 2027, IGJS Jaipur and IJEX, highlighting its new features and inviting UAE buyers to register for the Mumbai and Jaipur shows.
The UAE remains an important market for Indian jewellery exporters, making direct engagement with retailers and jewellery companies a key part of the buyer mobilisation strategy.
The Dubai event created opportunities for participating Indian exporters to connect directly with potential buyers. Business meetings and networking interactions were facilitated with several UAE-based companies, allowing exporters participating through IJEX to develop new commercial contacts.
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