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Gemfields Posts $25 Million Sales in Emerald Auction

MT Newswires·12/05/2025 04:41:41
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04:41 AM EST, 12/05/2025 (MT Newswires) -- Gemfields Group (GEM.L, GML.JO) reported a total revenue of $25.4 million from its auction of commercial-quality emeralds held from Nov. 17 to Thursday. The British colored gemstones miner sold 45 of the 46 lots offered at an average price of $7.46 per carat, according to a Friday filing. Proceeds will be fully repatriated to Gemfields' 75%-owned Kagem, which extracted the emeralds in Zambia, with royalties due to the Zambian government.