Gemfields auction sales 61% of offered total lots
Emeralds auction bag average price of USD 4.47 per carat Gemfields announces the results of an auction comprised of commercial-quality rough emeralds held during the period 27 August – 13 September 2024. According to the Gemfields, September 2024 Commercial-Quality Emerald Auction, 1: revenues totaled of USD 10.8 million, 2: 46 lots were offered for sale, of which 28 were sold (61%), 3: Average price of USD 4.47 per carat, The 49 auctions of Kagem gemstones held since July 2009 have generated USD 1,052 million in total revenues. The specific auction mix and the quality of the lots offered at each auction vary in characteristics such as size, colour and clarity on account of variations in mined production and market demand. Therefore, the results of each auction are not always directly comparable. Adrian Banks, Gemfields’ Managing Director of Product & Sales, commented, “The luxury-good, diamond and gemstone markets are experiencing distinct headwinds as conflic