Gemfields’ latest auction, comprising predominantly commercial quality rough emeralds, generated revenues of $10.89-million, with an overall average value of $4.21/ct achieved.
The auction was held in Lusaka, Zambia, from July 30 to August 2.
Twenty-two companies placed bids at the auction, with 90% of the emeralds on offer sold.
“Given the difficulties experienced by the Indian gemstone sector this year, the strong results from this auction underscore the enduring vigour of consumer demand for responsibly sourced Zambian emeralds and the accelerated recovery that this demand facilitates,” CEO Sean Gilbertson said in a statement on Friday.