https://newsletter.mw.creamermedia.com
Gemfields|Mining|Gemstones|Operations
Gemfields|Mining|Gemstones|Operations
gemfields|mining|gemstones|operations

Gemfields reports strong demand for Kagem emeralds in September auction

An image of Gemfields product and sales MD Adrian Banks

Gemfields product and sales MD Adrian Banks

12th September 2025

By: Tasneem Bulbulia

Deputy Editor Online

     

Font size: - +

Gemstone miner Gemfields earned revenue of $32-million from an auction of higher-quality rough emeralds recovered from its 75%-owned Kagem emerald mine, in Zambia.

The auction was held from August 25 to September 11, and all 38 lots on offer were sold, with an average realised price of $160.78/ct.

The auction included an exceptional gemstone named Imboo, or buffalo, weighing 11 685 ct, with this being the latest, and largest, remarkable gemstone discovered at the Kagem mine. Gemfields did not disclose who this gemstone was sold to or for how much.

“This September auction marks Kagem’s first high-quality emerald sale since the disappointing result in November 2024. Mining operations at Kagem were suspended in January in response to market uncertainty and challenges relating to the oversupply of Zambian emeralds.

“Following signs of recovery at the April commercial-quality auction, two mining points were reopened in May,” Gemfields product and sales MD Adrian Banks explains.

“While the wider market continues to navigate mixed sentiment and tariff uncertainty, today’s auction result has validated these decisions and delivered a highly positive outcome. Strong demand was evident across the grades, with robust prices achieved,” he adds.

The auction lots were made available for private, in-person viewings by customers in Bangkok.

Following the viewings, the auctions took place via an online auction platform specifically adapted for Gemfields and which permitted customers from multiple jurisdictions to participate in a sealed-bid process.

The 52 auctions of Kagem gemstones held since July 2009 have generated $1.12-billion in total revenues, the company points out. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 
Industrial Nozzles & Systems (Pty) Ltd
Industrial Nozzles & Systems (Pty) Ltd

Industrial Nozzles & Systems (Pty) Ltd (Est. 2000) exclusive representative in Southern Africa for LECHLER GmbH (Est. 1879) - Europe's leading...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

FAM Minerals & Mining South Africa team
FAM Minerals & Mining launches in South Africa
30th January 2026 By: Darren Parker
Transnet, RBCT, Exxaro manganese make headlines
Transnet, RBCT, Exxaro manganese make headlines
30th January 2026
Magazine cover image
Magazine round up | 30 January 2026
30th January 2026
Exxaro CEO Ben Magara.
Exxaro’s manganese entry points advance
29th January 2026 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.097 0.177s - 130pq - 2rq
Subscribe Now