5th Dec 2025 10:58
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Generates revenue of USD25.4 million at an emerald auction held between November 17 and December 4, 2025, up 55% from USD16.4 million at a sale from April 11 to April 29. Says 45 lots were sold of the 46 lots offered for sale, at an average USD7.46 per carat. Gemfields has conducted only two emerald auctions this year. Emeralds were extracted from Zambian-based Kagem Mining Ltd, which is 75% owned by Gemfields.
"Today's auction results mark a successful conclusion to a challenging year for Kagem," says Adrian Banks, managing director of product & sales. "Following the temporary suspension of mining operations during the first half, the business has nonetheless delivered a strong performance for 2025, culminating in this auction's solid contribution to USD79 million of total Kagem auction revenues for 2025," Banks says.
Current stock price in London: 6.00 pence, up 2.1% on Friday midday
12-month change: down 26%
Current stock price in Johannesburg: ZAR1.26, down 4.6%
12-month change: down 33%
By Artwell Dlamini, Alliance News senior reporter South Africa
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