International News
Gemfields unearths colossal emerald weighing 11,685 carats at Kagem, sets new record
A colossal emerald weighing 11,685 carats—equivalent to 2.3 kilograms—has been unearthed by Gemfields at the Kagem mine in Zambia, setting a new benchmark in the world of coloured gemstones. By Named Imboo, after the buffalo in the Bemba and Lamba languages, the striking crystal surpasses Kagem’s previous giant, the 7,525-carat Chipembele (“rhino”), which earned Guinness World Records recognition in 2022.
While an emerald claimed to be even larger—53,750 carats—was exhibited in January 2025 by Almighty Gems in Coimbatore, India, that stone has not yet undergone independent authentication. By contrast, Gemfields’ Imboo discovery has already drawn global attention and will headline the company’s ongoing auction in Bangkok, running through 11 September.
The massive crystal was extracted on 3 August from the mine’s Chama pit by geologist Dharanidhar Seth and long-time chiseller Justin Banda. Gemfields said the buyer will be offered Provenance Proof nanoparticle tagging, ensuring full traceability even after cutting and polishing.
International News
Gold prices climbed above $4,250 ahead US ISM Manufacturing PMI release
US spot Gold prices climbed above $4,250 early Monday, touching a six-week high as investors turned cautious ahead of the upcoming US ISM Manufacturing PMI release. The yellow metal is poised for further upside momentum if it secures a sustained daily close above the crucial $4,250 resistance level.
The US Dollar opened December on a softer note, pressured by rising expectations that the Federal Reserve may announce a rate cut next week. Growing market confidence in easing monetary conditions has boosted the appeal of non-yielding assets such as gold.
Analysts note that a decisive break and close above $4,250 could reinforce bullish sentiment and pave the way for an extended rally in the days ahead. As global markets await fresh cues from the US economic calendar, gold continues to benefit from a favorable macroeconomic backdrop and robust safe-haven demand.
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