Gemfields Group lands $29.6m in emerald auction

Mining Diamonds & Gemstones Written by: Jamie Ashcroft 07:24 Fri 11 Sep 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Jamie Ashcroft Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a first-class degree in Business and Economics and qualifications in software design and development. As one of the early external hires at Proactive in 2009, Jamie contributed... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Gemfields Group Limited ( AIM:GEM ) View Price & Profile Gemfields Group lands $29.6m in emerald auction Published: 07:24 11 Sep 2026 BST Gemfields Group Limited (AIM:GEM) told investors that its latest commercial-quality emerald auction generated US$29.6 million, with every lot sold and the average realised price rising sharply from its previous sale. The auction, held between 24 August and 10 September, achieved US$9.72 per carat, compared with US$7.46 at the November-December 2025 auction. Total proceeds were also up from US$25.4 million despite the volume sold falling to 3.05 million carats from 3.41 million. All 44 lots offered were sold, giving Gemfields a 100% sell-through rate by both lots and weight. A total of 63 companies placed bids, compared with 55 at the previous commercial-quality auction. Managing director of product and sales Adrian Banks said it had been nine months since the company's last commercial-quality emerald sale and described the result as “robust”, adding that viewing activity in Jaipur had been intense. The emeralds were produced by Kagem, Gemfields' 75%-owned Zambian operation, with the remaining 25% held by Zambia's Industrial Development Corporation. Proceeds will be fully repatriated to Kagem, with royalties paid to the Zambian government on the full sales prices achieved. Continue reading