https://newsletter-en.creamermedia.com
Johannesburg|London|Gemfields|Zambia|Kagem|Emeralds|Industrial Development|Adrian Banks
||||||
johannesburg|london|gemfields|zambia|kagem|emeralds|industrial-development|adrian-banks

Gemfields’ latest rough emerald auction generates $29.6m

11th September 2026

By: Sabrina Jardim

Senior Online Writer

     

Font size: - +

Johannesburg- and London-listed gemstone miner Gemfields reports that its latest auction of commercial-quality rough emeralds, recovered from the company's 75%-owned Kagem mine, in Zambia, generated total revenues of $29.6-million.

The auction, which was held in India from August 24 to September 10, resulted in the sale of all 44 lots on offer. The average realised price for the auction was $9.72/ct.

“It has been nine months since our last commercial-quality emerald auction and I am particularly encouraged by this robust result. Viewing activity in Jaipur was intense throughout the auction, reflecting a high level of customer engagement, with very positive feedback regarding both the quality of the emeralds and the composition of the lots offered.

“This result demonstrates continued strong demand for commercial-quality emeralds and reflects the solid production performance delivered by Kagem over the past year.

“Our sincere thanks go to the entire Kagem mining team for their dedication and hard work; to our government partner, Zambia’s Industrial Development Corporation, for its continued support; and to our customers for their ongoing confidence in Kagem’s emeralds. We wish them every success during the forthcoming international gem and jewellery show season,” says Gemfields product and sales MD Adrian Banks.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Tsurumi Pumps Africa
Tsurumi Pumps Africa

Tsurumi Pumps Africa is a specialist supplier of Japanese-engineered submersible pumping solutions, serving customers across the African continent.

VISIT SHOWROOM 
Monitor Distributors
Monitor Distributors

We at Hawk High Pressure Pumps specialise in industrial pumps and pumping systems. Our high pressure washing equipment is locally manufactured and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

➕

➕

➕

➕

➕

RESEARCH CHANNEL AFRICA

SUBSCRIBE

➕

➕

➕

➕

➕

➕

➕

➕

➕

➕

CORPORATE PACKAGES

CLICK FOR A QUOTATION

➕

➕







301

sq:0.052 1.371s - 154pq - 2rq
Subscribe Now