Gemfields reported revenues of $26.8 million from its latest higher-quality rough emerald auction, with strong demand continuing for top-tier stones despite broader market caution driven by geopolitical tensions and macroeconomic uncertainty.<\/p>\n
The auction, held from 4 to 21 May 2026, saw 36 of 37 lots sold, representing a 97% sell-through rate. Of the 185,135 carats offered, 183,385 carats were sold, achieving an average realised price of $146.08 per carat.<\/p>\n
The rough emeralds were mined by Kagem in Zambia. Buyers viewed the lots in Bangkok before bidding through Gemfields\u2019 online sealed-bid auction platform.<\/p>\n
Adrian Banks, Gemfields\u2019 Managing Director of Product & Sales, said \u201cWhile demand for higher-quality emeralds remains stable, the market is presently exercising a degree of caution, influenced by ongoing geopolitical tensions and prevailing macroeconomic uncertainty\u2026Competition and pricing for the top-tier emeralds remained particularly strong.\u201d<\/p>\n
Banks also pointed to the Indian rupee\u2019s roughly 10% depreciation against the US dollar since Kagem\u2019s previous higher-quality auction in September 2025 as an added challenge for many customers.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gemfields reported revenues of $26.8 million from its latest higher-quality rough emerald auction, with strong demand continuing for top-tier stones despite broader market caution driven by geopolitical tensions and macroeconomic uncertainty. The auction, held from 4 to 21 May 2026, saw 36 of 37 lots sold, representing a 97% sell-through rate. Of the 185,135 carats…<\/p>\n","protected":false},"author":1,"featured_media":36497,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-36496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n