Top auction haul for Gemfields
Gemfields, producer of about a fifth of the world’s rough emeralds, said revenues from its latest auction in Zambia were a record $36.5m (£21.93m). Shares of the company, owner of the luxury jewellery brand Faberge, rose by 2.14 per cent during the day. Gemfields had been selling output from its flagship Kagem mine around the world until the Zambian government said last April that all emeralds mined in the country must be auctioned at home.