Auction Results: Commercial-Quality Emeralds
Commercial-quality emerald auction generated USD 16.4 million revenue with 89% of lots sold.
vs expectations: improvement on September 2024 auction
- Total auction revenues USD 16.4 million
- Lots sold 32 of 36
- Average price per carat USD 6.87
- Carats sold 2,388,190
- Cumulative revenues from 51 Kagem auctions since July 2009 USD 1,090 million
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("Gemfields" or the "Group" or the "Company")
Auction Results: Commercial-Quality Emeralds
LONDON, 30 APRIL 2025
Gemfields announces the results of an auction comprised of commercial-quality rough emeralds held during the period 11 - 29 April 2025.
Highlights: April 2025 Commercial-Quality Emerald Auction
- Total auction revenues of USD 16.4 million
- 36 lots were offered for sale, of which 32 were sold (89%)
- Average price of USD 6.87 per carat
- The 51 auctions of Kagem gemstones held since July 2009 have generated USD 1,090 million in total revenues
Adrian Banks, Gemfields' Managing Director of Product & Sales, commented:
"Today's result marks a notable improvement on the disappointing commercial-quality auction held in September 2024. An increased number of bids and stronger prices across a broad quality-range point to improved sentiment and demand since our experience in Q3 2024.
The overall USD per carat realisation has been positively skewed by the withdrawal of a schedule comprising very low-quality material, weighing 112,000 grams and representing 18.5% of the total weight offering.
We extend our appreciation to the Kagem team and to the Government of the Republic of Zambia, Kagem's 25% shareholder."
The auction lots were made available for private, in-person viewings by customers in Jaipur. Following the viewings, the auctions took place via an online auction platform specifically adapted for Gemfields and which permitted customers from multiple jurisdictions to participate in a sealed-bid process.
| AUCTION RESULTS (COMMERCIAL QUALITY) | Mar '23 Auction | Aug-Sep '23 Auction | Mar '24 Auction | Aug-Sep '24 Auction | Apr '25 Auction |
|---|---|---|---|---|---|
| Dates | 6 - 24 Mar 2023 | 29 Aug - 15 Sept 2023 | 5 - 22 Mar 2024 | 27 Aug - 13 Sep 2024 | 11 - 29 Apr 2025 |
| Location | Jaipur, India / Online | Jaipur, India / Online | Jaipur, India / Online | Jaipur, India / Online | Jaipur, India / Online |
| Type | Commercial Quality | Commercial Quality | Commercial Quality | Commercial Quality | Commercial Quality |
| Carats offered | 3,148,710 | 3,392,395 | 4,171,375 | 3,978,450 | 3,029,690 |
| Carats sold | 2,974,710 | 3,392,395 | 3,854,950 | 2,423,550 | 2,388,190 |
| No. of companies placing bids | 45 | 50 | 50 | 39 | 50 |
| No. of lots offered | 29 | 43 | 43 | 46 | 36 |
| No. of lots sold | 25 | 43 | 40 | 28 | 32 |
| Percentage of lots sold | 86% | 100% | 93% | 61% | 89% |
| Percentage of lots sold by weight | 94% | 100% | 92% | 61% | 79% |
| Total sales realised at auction | USD 21.2 million | USD 25.5 million | USD 17.1 million | USD 10.8 million | USD 16.4 million |
| Average per carat sales value | USD 7.13/carat | USD 7.51/carat | USD 4.45/carat | USD 4.47/carat | USD 6.87/carat |
| GEMFIELDS | |||||
| GEMFIELDS.COM | INVESTORS | FOUNDATION | |||
| X | YOUTUBE | ||||
| FABERGÉ | |||||
| FABERGÉ.COM | X | YOUTUBE | |||
KAGEM MINING LIMITED LINKEDIN
MONTEPUEZ RUBY MINING LINKEDIN
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