Kagem gemstones held 31 auctions!
Overall average value Earned USD 4.39 per carat Gemfields announces the result of an auction of predominantly commercial quality rough emerald held in Lusaka, Zambia in February 2019. The emeralds were extracted by Kagem Mining Ltd in Zambia. The proceeds of this auction will be fully repatriated to Kagem in Zambia, with all royalties due to the Government of the Republic of Zambia being paid on the full sales prices achieved at the auction. The 31 auctions of Kagem gemstones held since July 2009 have generated USD 567 million in total revenues The auction saw 24 companies placing bids, generating total revenues of USD 10.8 million with an overall average value of USD 4.39 per carat. The auction saw 59% of the offered carats being sold. Gemfields’ 31 st : auctions of emeralds and beryl mined at Kagem since July 2009 have generated USD 567 million in total revenues. The specific auction mix and the exact quality of the lots offered at each auction vary in character