Responsible sourcing of gemstones to receive more attention – Gemfields
Responsible sourcing of coloured gemstones will receive ever-increasing attention and become progressively more important to consumers, predicts Gemfields and Kagem Mining CEO Sean Gilbertson.
The observation comes as Gemfields recently contributed new data and insights to independent global property consultancy Knight Frank’s latest Luxury Investment Index.
Gemfields operates the Kagem emerald mine, in Zambia, in partnership with that government’s Industrial Development Corporation and is actively promoting the use of responsibly sourced Zambian emeralds in the international market.
“The swing towards precious coloured gemstones is overwhelming.
“The past decade has seen the world record prices for emeralds and rubies surpass that of a colourless diamonds on a per carat basis. It surely can’t be long before sapphires overtake diamonds too,” says Gilbertson.
He notes that Gemfields expects vibrant consumer interest and sector growth to continue.
“In this issue of our Luxury Investment Index, we take an in-depth look at the performance of coloured gemstones,” says Knight Frank luxury research head Andrew Shirley.
“The interesting story here is that coloured gemstones are outperforming the wider jewellery market with some significant sales already [having taken place] in 2019.”
At Bonhams’ London sale at the end of April, several coloured gemstones far exceeded their estimates.
The top performer was a 17.43 ct Kashmir sapphire ring, formerly owned by a European noble family that fetched £723 063, far exceeding its £300 000 to £400 000 guided price.
The second highest performing lot was a diamond and sapphire transformable necklace by Spanish jeweller, Grassy.
Dated to around 1935 and featuring a 34.59 ct Sri Lankan sapphire, the necklace sold for £287 562 against its pre-sale estimate of £120 000 to £180 000.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation