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An update from Gemfields Group ( (PLLHF) ) is now available.
Gemfields Group Limited announced the results of its recent auction of commercial-quality rough emeralds, generating USD 25.4 million in revenue with 45 out of 46 lots sold. This successful auction marks a strong end to a challenging year for Kagem, contributing to a total of USD 79 million in auction revenues for 2025. The firm pricing across all quality categories indicates a recovery from previous market pressures and a strengthening market sentiment. The auction was conducted online, allowing participation from multiple jurisdictions, and the proceeds will be fully repatriated to Kagem in Zambia, with royalties paid to the Zambian government.
More about Gemfields Group
Gemfields Group Limited is a leading miner of colored gemstones, dual-listed on the Johannesburg and London AIM stock exchanges. The company operates and holds a 75% ownership in Kagem Mining in Zambia, a prominent emerald mine, and Montepuez Ruby Mining in Mozambique, known for its significant ruby deposits. Gemfields is recognized for its proprietary grading system and auction platform that have revolutionized the colored gemstone industry. The company is committed to transparency, legitimacy, and integrity, investing in community projects around its mines and supporting local conservation efforts.
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