Record Emerald Auction Results
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Date02 Jun 2023
Gemfields is pleased to announce the results of an emerald auction comprised of higher-quality rough emeralds held during the period 15 May – 1 June 2023. Highlights: June 2023 Higher-Quality Emerald Auction Total auction revenues of USD 43.7 million, an all-time revenue record for any Kagem emerald auction 35 lots were offered for sale, of which 35 were sold (100%) Average realised price of USD 165.55 per carat, an all-time record for any Gemfields emerald auction All-time record for price-per-carat paid for a single auction lot The 45 auctions of Kagem gemstones held since July 2009 have generated USD 964 million in total revenue
Emerald Auction Results – Commercial Quality
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Date27 Mar 2023
Gemfields is pleased to announce the results of an emerald auction comprised of commercial-quality rough emeralds held during the period 6 March – 24 March 2023.
Operational Market Update – 31 December 2022
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Date31 Jan 2023
Gemfields shareholders are advised that the Company has released information about its operational results and financial position for the year ended 31 December 2022. These unaudited figures have been produced on a monthly basis for Gemfields’ 75%-owned Kagem emerald mine, its 75%-owned Montepuez ruby mine and Fabergé, the iconic luxury brand.
Emerald Auction Results
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Date20 Sep 2022
Gemfields is pleased to announce the results of an auction of predominantly commercial quality rough emeralds held from 31 August to 19 September 2022. The emeralds were extracted by Kagem Mining Ltd in Zambia (“Kagem”, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of Zambia). The proceeds of this auction will be fully repatriated to Kagem in Zambia, with all royalties due to the Government of the Republic of Zambia being paid on the full sales prices achieved at the auction.
Monthly Operational Market Update – 31 December 2021
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Date31 Jan 2022
Gemfields shareholders are advised that the Company has released information about its operational results and financial position up to and including 31 December 2021. The figures have been produced on a monthly basis for Gemfields’ 75%-owned Kagem emerald mine, its 75%-owned Montepuez ruby mine and Fabergé, the iconic luxury brand.
Emerald Auction Results
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Date12 Aug 2021
Gemfields is pleased to announce the results of an auction of predominantly commercial quality rough emeralds held from 28 July to 11 August 2021. The emeralds were extracted by Kagem Mining Ltd in Zambia (“Kagem”, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of Zambia). The proceeds of this auction will be fully repatriated to Kagem in Zambia, with all royalties due to the Government of the Republic of Zambia being paid on the full sales prices achieved at the auction.
Monthly Operational Market Update – 30 June 2021
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Date02 Aug 2021
Gemfields shareholders are advised that the Company has released information about its operational results and financial position up to and including 30 June 2021. The figures have been produced on a monthly basis for Gemfields’ 75%-owned Kagem emerald mine, its 75%-owned Montepuez ruby mine and Fabergé, the iconic luxury brand.
Emerald Auction Results
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Date19 Apr 2021
Gemfields is pleased to announce the results of an emerald auction comprising a series of five sequential mini-auctions held during the period 15 March – 17 April 2021. The auction contained a selection of grades that are typically offered at Kagem Mining Ltd’s (“Kagem”) auctions of higher quality emeralds. Selected lots were made available for in-person and private viewings by customers in Tel Aviv, Dubai and 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.
Monthly Operational Market Update – 31 December 2020
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Date01 Feb 2021
Gemfields shareholders are advised that the Company has released information about its operational results and financial position up to and including 31 December 2020. The figures have been produced on a monthly‐basis for Gemfields’ 75% owned Kagem emerald mine, its 75% owned Montepuez ruby mine and Fabergé, the iconic luxury brand.
Sales, costs and cash update
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Date18 Dec 2020
Gemfields shareholders are advised that the Company has released information about its business related and operational results and financial position up to and including 30 June 2020. The figures have been produced on a monthly‐basis for Gemfields’ 75% owned Kagem emerald mine, its 75% owned Montepuez ruby mine and Fabergé – the iconic luxury brand.