Gem producer Gemfields reported $25.4-million in revenue from its November to December auction of commercial-quality rough emeralds, closing the year’s sales with one of the company’s strongest outcomes following earlier disruptions at the Kagem mine, in Zambia. The auction, held through private viewings in Jaipur followed by an online sealed-bid process, offered 46 lots of rough emeralds. Gemfields said 45 lots were sold, representing 98% of lots on offer, with an average price of $7.46/ct. Nearly 3.66-million carats were made available of which about 3.41-million carats were sold.
