Gemfields, a leading miner of emeralds and rubies, is celebrating a significant milestone: the 50th auction of rough emeralds from its Kagem mine in Zambia. This achievement marks a major transformation in the coloured gemstone industry, driven by Gemfields’ pioneering auction system launched in 2009. The company said that prior to this, the sale of coloured gemstones was irregular and unpredictable.
Gemfields stated that its innovative auctions brought transparency and a steady supply to the market, allowing stakeholders to invest confidently in Zambian emeralds. This stability has benefited local communities by creating long-term skilled jobs and supporting roles in the mining industry.
Gemfields’ auctions have significantly increased appreciation for Zambian emeralds, known for their deep green colour and excellent clarity. Skilled experts meticulously evaluate and categorise the emeralds before offering them to buyers. This ensures a diverse selection for manufacturers catering to various market demands.The auctions have also attracted a wider range of buyers, including those traditionally focused on rubies and sapphires, it added.
Previously considered secondary to Colombian emeralds, Zambian gemstones now stand alongside them in quality and price. This shift reflects the market’s growing focus on responsible sourcing, where Gemfields plays a crucial role.
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