GJ Town India

Gemfields announces auction results of higher-quality emeralds   Gemfields announces the results of an auction comprised of higher-quality rough emeralds held during the period 4 – 21 November 2024. According to the reported highlights of the November 2024 Higher-Quality Emerald Auction is, 1: Total auction revenues of USD 16.1 million, 2: 43 lots were offered for sale of which 30 were sold (70%), 3: 141,084 carats of 200,460 offered were sold (70%), 4: Average price of USD 113.96 per carat, 5: The 50 auctions of Kagem gemstones held since July 2009 have generated USD 1,068 million in total revenues.   Adrian Banks, Gemfields’ Managing Director of Product & Sales, commented, “While the top quality lots in this auction saw bidding within touching distance of our all-time records for emeralds, the overall result for this auction is very disappointing, driven by fewer and poorer bids for lesser quality grades. While the wider luxury and gemstone markets are undeniably...

  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 h...

India effort to ensure the nonstop rough gemstones supply!    The 10th Edition of the India Rough Gemstones Sourcing Show 2024 (IRGSS), organized by the Gem & Jewellery Export Promotion Council (GJEPC), was inaugurated on 27th August in Jaipur by Neeraj Dubey, Additional Commissioner of Customs, Jaipur in the presence of K. M. Meena, Assistant Commissioner of Customs, Air Cargo Complex (ACC), Jaipur, along with key industry representatives. The show is being held at 5th Floor, Mall 21, Bhagwan Das Road, C-Scheme, Jaipur. The inauguration ceremony was also attended by Nirmal Bardiya, Regional Chairman, GJEPC; B. N. Gupta, Convener, SFT/SS/CFJ Panel; Vijay Kedia, Rambabu Gupta, D P Khandelwal, members of the Regional and Coloured Gemstone Committee, GJEPC.  The Customs officials were warmly welcomed by the GJEPC representatives and other trade members present at the event.    Speaking about the show, Vipul Shah, Chairman, GJEPC said, "It's gratifying to w...