International News
Gemfields nets $53m in Bangkok ruby auction
Gemfields’ latest rough ruby auction, held in Bangkok from February 9–20, realized a total of $53 million. Despite a delay from its original December 2025 date, the event saw 121 of 135 lots sold, with fine-quality stones continuing to command premium prices at an average of $279 per carat.
While Adrian Banks, Managing Director of Product and Sales, praised the “good selection” and strong attendance, the results were not without friction. Fluorescent rubies from new mining zones performed exceptionally well; however, other segments faced headwinds. The company cited a sluggish Chinese market and a surge in material from local illegal mining as factors tempering demand for specific qualities.
With a new processing plant nearing completion and the introduction of goods from a second mine, Gemfields is signaling a move toward a more consistent, high-volume supply chain. Overall, the message is clear: the appetite for top-tier Mozambique rubies remains rock solid.
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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GJEPC Promotes Key Trade Events At IGI Dubai Event
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