Auction Results: Commercial-Quality Emeralds

Gemfields

11/09/2026 07:00

RNS Number : 3123U
  
Gemfields Group Limited
  
11 September 2026
  
 


Incorporated in Guernsey. Guernsey registration number: 47656
South African external company registration number: 2009/012636/10
Share code on JSE:GML (General Segment of JSE Main Board) / AIM:GEM
ISIN: GG00BG0KTL52   |   LEI: 21380017GAVXTCYS5R31
("Gemfields" or the "Group" or the "Company")
 
Auction Results: Commercial-Quality Emeralds
LONDON, 11 SEPTEMBER 2026
Gemfields announces the results of an auction comprised of commercial-quality rough emeralds held during the period 24 August - 10 September 2026.
Highlights: September 2026 Commercial-Quality Emerald Auction
·    Total auction revenues of USD 29.6 million
·    44 lots were offered for sale and all 44 were sold (100%)
·    Average realised price of USD 9.72 per carat
Adrian Banks, Gemfields' Managing Director of Product & Sales, commented:
"It has been nine months since our last commercial-quality emerald auction, and I am particularly encouraged by this robust result. Viewing activity in Jaipur was intense throughout the auction, reflecting a high level of customer engagement, with very positive feedback regarding both the quality of the emeralds and the composition of the lots offered.
This result demonstrates continued strong demand for commercial-quality emeralds and reflects the solid production performance delivered by Kagem over the past year.
Our sincere thanks go to the entire Kagem mining team for their dedication and hard work, to our government partner, Zambia's Industrial Development Corporation, for its continued support, and to our customers for their ongoing confidence in Kagem's emeralds. We wish them every success during the forthcoming international gem and jewellery show season."
The auction lots were made available for private, in-person viewings by customers in Jaipur, India. Following the viewings, the auction took place via an online auction platform specifically adapted for Gemfields and which permits customers from multiple jurisdictions to participate in a sealed-bid process.
The rough emeralds sold were extracted by Kagem (which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of 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 results of the five most recent commercial-quality Kagem auctions are summarised in the table below (and earlier results are available at www.gemfieldsgroup.com):




AUCTION RESULTS (COMMERCIAL QUALITY)


Mar '24
Auction


Aug-Sep '24
Auction


Apr '25
Auction


Nov-Dec '25
Auction


Aug-Sept '26
Auction




Dates


5 - 22 Mar 2024


27 Aug - 13 Sep 2024


11 - 29 Apr 2025


17 Nov - 04 Dec 2025


24 Aug - 10 Sep 2026




Location


Jaipur, India   / Online


Jaipur, India

/ Online


Jaipur, India

/ Online


Jaipur, India / Online


Jaipur, India / Online




Type


Commercial Quality


Commercial Quality


Commercial Quality


Commercial Quality


Commercial Quality




Carats offered


4,171,375


3,978,450


3,029,690


3,656,830


3,047,650




Carats sold


3,854,950


2,423,550


2,388,190


3,406,830


3,047,650




No. of companies placing bids


50


39


50


55


63




No. of lots offered


43


46


36


46


44




No. of lots sold


40


28


32


45


44




Percentage of lots sold


93%


61%


89%


98%


100%




Percentage of lots sold by weight


92%


61%


79%


93%


100%




Total sales realised at auction


USD 17.1 million


USD 10.8
million


USD 16.4
million


USD 25.4
million


USD 29.6
million




Average per carat sales value


USD 4.45/carat


USD
4.47/carat


USD
6.87/carat


USD
7.46/carat


USD
9.72/carat




 
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.
 
-ENDS-
 
Further information on Gemfields Group Limited can be found at:
 GEMFIELDSGROUP.COM
 
To join our investor mailing list, please contact us on:
 ir@gemfields.com
 
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) no. 596/2014 which forms part of domestic UK law pursuant to the European Union (withdrawal) act 2018 ("MAR").
 
ENQUIRIES

 




GEMFIELDS


David Lovett / Heinrich Richter
ir@gemfields.com 

T:  +44(0) 20 7518 3400




SPONSOR (JSE)


Investec Bank Limited




NOMINATED ADVISER 
 (AIM) & BROKER


Panmure Liberum

Scott Mathieson / Amrit Mahbubani / John More
 T: +44(0) 20 3100 2222




PRESS ENQUIRES, GEMFIELDS HEAD OFFICE, LONDON


press@gemfields.com

T:  +44(0) 20 7518 3400




 
NOTES TO EDITORS
 
About Gemfields Group Limited
Gemfields is a world-leading miner of coloured gemstones, dual-listed on the Johannesburg and London AIM stock exchanges.
Gemfields is the operator and 75% owner of both Kagem Mining in Zambia (a world-leading emerald mine) and Montepuez Ruby Mining in Mozambique (situated on one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields holds controlling interests in various other gemstone mining and prospecting licenses in Zambia, Mozambique and Madagascar.
Gemfields has developed a proprietary grading system and a pioneering auction platform to provide a consistent supply of coloured gemstones to downstream markets, a key component of Gemfields' business model that has played an important role in the growth of the global coloured gemstone sector.
 
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