Gemfields' next auction is expected to take place in May 2016 in Jaipur, India and is anticipated to be predominantly comprised oflower quality emerald and beryl from the Kagem emerald mine in Zambia.
Ian Harebottle, CEO of Gemfields, commented:"Our return to Lusaka has delivered another strong andindeed record resultat a time when global commodity anddiamond prices remain volatile and uncertain. Demand for andprices of emeraldsclearly remain as robust as everand gemstone mining represents one of the healthier segments of the sector. We're delighted that, in collaboration withour partners, the Government of the Republic of Zambia, the Kagem and Kariba operations continue to performstrongly."
In the last 2015’s auction Gemfields had offered predominantly lower quality rough ruby and corundum extracted by Montepuez Ruby Mining Limitada from the Montepuez ruby deposit in Mozambique. The auction was held in Jaipur, India from 17 to 22 April 2015 where auction revenues registered of USD 16.1 million with average realised price of USD 4.03 per carat. Gemfields auctioned about 3.99 million carats which was 99% of total lot.