Auction Results Sale of Previously Unsold Emeralds
Mini-auction of previously unsold emeralds from November 2024 achieved USD 4.8m revenue with 77% of lots sold.
- Auction revenues USD 4.8m
- Lots sold 10 of 13 (77%)
- Carats sold 45,864 of 59,192 (77%)
- Average sales price USD 105.49 per carat
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("Gemfields" or the "Group" or the "Company")
Auction Results: Sale of previously unsold Higher-Quality Emeralds
LONDON, 24 FEBRUARY 2025
Gemfields is pleased to announce the results of a mini-auction held from 19 to 21 February 2025 of previously unsold higher-quality emeralds from the November 2024 auction.
Highlights - Auction of Previously Unsold Higher-Quality Emeralds - February 2025
- Auction revenues of USD 4.8 million
- 10 of the 13 lots were sold (77%) with 45,864 carats sold out of 59,192 carats on offer (77%)
- Average sales price of USD 105.49 per carat
Adrian Banks, Gemfields' Managing Director of Product & Sales, commented:
"This auction was solely comprised of unsold lots from Kagem's November 2024 higher-quality emerald auction, some three months ago. The composition of the schedules on offer remained unchanged, providing Gemfields with a rare opportunity to directly compare demand and pricing between two auctions.
It was pleasing to receive notably higher bids, resulting in 10 of the 13 unsold lots being successfully sold in this auction. Although market sentiment remains clearly subdued, it is encouraging to see improvement in both demand and pricing. We extend our best wishes to our Auction Partners ahead of the upcoming trade shows in Bangkok and Hong Kong."
GEMFIELDS
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KAGEM MINING LINKEDIN
MONTEPUEZ RUBY MINING LINKEDIN
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