12th Sep 2025 08:22
Gemfields Group Ltd - London-based miner and marketer of coloured gemstones - Generates revenue of USD32.0 million at an emerald auction held between August 25 and September 11, 2025, nearly doubled from USD16.1 million in November 2024. But the latest auction is down 8.5% from USD35.0 million at auction held in May 2024. Average realised price of USD160.78 per carat in September, up from USD113.96 in November 2024. Emeralds were extracted from Zambian-based Kagem Mining Ltd, which is 75% owned by Gemfields.
"This September auction marks Kagem's first high-quality emerald sale since the disappointing result in November 2024," says Adrian Banks, managing director of product & sales. "Mining operations at Kagem were suspended in January 2025 in response to market uncertainty and challenges relating to the oversupply of Zambian emeralds," Banks says.
Stock price in Johannesburg: ZAR1.37
12-month change: down 51%
Stock price in London: 5.70 pence, up 6.1% on Friday morning
12-month change: down 51%
By Artwell Dlamini, Alliance News senior reporter South Africa
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Gemfields Grou.