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Our Auctions

Introduction

Before Gemfields, auctions of coloured gemstones were often haphazard and irregular, with gems of variable quality and size bundled up together. Buyers had to spend months and even years building up sets of gems to make jewellery suites.

Gemfields’ ground-breaking proprietary auction process was introduced in 2009 and brought consistency and transparency to the international supply of rubies and emeralds. Before each closed auction, rough gemstones are consistently sorted and graded by colour, size and clarity, so buyers can trust and buy the product ranges that suit their needs.

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Upholding the company’s values of transparency, integrity and legitimacy, the auction platform provides unparalleled visibility to customers, known as auction partners, and government officials, who are given full sight of the sales process and see more of the value from their coloured gemstone resources than ever before.

 

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How Gemfields changed the industry for the better

1

Gemfields voluntarily pioneered the practice of inviting government representatives from the country of origin to seal up the gems before export (or local auction) and to then monitor the entire overseas (or local) auction process in person to ensure full transparency.

2

Gemfields voluntarily pioneered the practice of repatriating 100% of the value of the gems sold at auction to the mining company in the country of origin to ensure the full value flows back to the host country.

3

For the first time, countries are receiving proper participation in their coloured gemstone resources and full tax payments based on the transparently reported revenues at full gemstone value.

*Of the circa USD 1.2 billion of total Gemfields auction revenue from 2009–2020 (across both Kagem and MRM), some USD 251 million (20.4% of revenue) has been paid in corporation tax and mineral royalty to the governments of Mozambique and Zambia. We are not aware of examples from any time in our industry’s history where values of that magnitude have been contributed to host nations.

The Auction Process

The consistency and reliability of Gemfields’ grading system results in higher prices, thus bringing greater value to the gemstones’ countries of origin.

 

People often forget that the well-known laws of supply and demand apply to “efficient markets”, a term that cannot yet be used for the coloured gemstone sector. Over the last decade, Gemfields’ Kagem emerald mine’s gemstone production has tripled while the prices received have increased more than six-fold.

The proceeds from every auction are fully repatriated to Gemfields’ ruby mine in Mozambique and Kagem emerald mine in Zambia, with taxes due to the respective governments paid on the full sales price achieved at the auction.

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Our Authorised Auction Partners

Gemfields is lucky enough to have trusted auction partners all over the world. Each one listed below is fully authorised, upholds our core values of transparency, integrity and legitimacy and shares our concern for sustainability.

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  • anubhav gems pvt ltd

    Third generation emerald cutter and dealer

  • anubhav gems pvt ltd

    Third generation emerald cutter and dealer

  • aziz enterprises

    Fourth generation supplier of emeralds, since 1965

  • aziz enterprises

    Fourth generation supplier of emeralds, since 1965

  • bupataksin gems co ltd

    Cutter and supplier of fine quality rubies

  • bupataksin gems co ltd

    Cutter and supplier of fine quality rubies

  • caibaocheng

    Cutter and supplier of fine quality emeralds and high quality gemstones.

  • caibaocheng

    Cutter and supplier of fine quality emeralds and high quality gemstones.

  • chatree gems co ltd

    Supplier of medium to fine quality rubies and fine quality emeralds

  • chatree gems co. ltd

    Supplier of medium to fine quality rubies and fine quality emeralds

  • cien co ltd

    Fine quality gemstones

  • cien co ltd

    Fine quality gemstones

  • crest gem co ltd

    Cutter and supplier of fine gemstones

  • crest gem co., ltd.

    Cutter and supplier of fine gemstones

  • dhandia gems corporation

    Sixth generation emerald and ruby cutter and polisher, since 1919

  • dhandia gems corporation

    Sixth generation emerald and ruby cutter and polisher, since 1919

  • fine emerald inc

    Supplier of quality coloured gemstones

  • fine emerald inc. d/b/a fei

    Supplier of quality coloured gemstones

  • gem paradise

    Established in 1989 and ranking amongst Sri Lanka’s top gemstone exporters since 2003

  • gemburi co ltd

    Supplier of fine quality rubies

  • gemdiam

    Manufacturer, importer and exporter of precious and semi-precious stones

  • gems & jewels

    Manufacturer and supplier of fine quality rubies for two decades

  • gems fine co ltd

    Supplier of fine quality emeralds, rubies and sapphires

  • gemstar ltd

    Diamond and emerald manufacturer and supplier

  • green gems

    Diamond and emerald manufacturer and supplier

  • green international

    Cutter and supplier of Zambian emeralds in medium and high ranges for over 40 years

  • heeralal chhaganlal tank

    Sixth generation cutter and supplier of gem quality coloured gemstones

  • hmv gems

    Since 1995, cutter and supplier of emeralds in all grades and ranges

  • hong kong hopewell int’l supply chain company ltd.

    Cutter and supplier of rubies and sapphires

  • jaipur emerald pvt ltd

    Cutter and supplier of medium to fine quality emeralds of all sizes

  • jiya gems

    Cutter and supplier of fine quality emeralds since 2007.

  • k sunil narnoli

    Third generation supplier of fine and commercial quality emeralds.

  • k.v.gems

    Supplier of fine quality unheated rubies, sapphires and spinel

  • kedia gem impex

    Cutter and supplier of precious and semi-precious gemstones

  • kgk gems (hk) limited

    Cutter and supplier of coloured gemstones, diamonds and jewellery

  • kgk gems (sezunit)

    Since 2011, cutter and supplier of coloured gemstones and fine quality emeralds

  • kk gems trading co.

    Since 1988, cutter and supplier of coloured gemstones and fine quality emeralds, rubies and sapphires

  • ko thai impex co. ltd

    Cutter and supplier of rubies

  • m.r. international

    Cutter and supplier of fine quality emeralds for over 30 years

  • meenal gems

    Cutter and supplier of fine quality calibrated emeralds and tanzanites for over 20 years

  • mohit exports

    Cutter and supplier of rough and cut and polish emeralds

  • multi world gems manufactory co ltd

    Cutter and supplier of commercial and fine quality rubies

  • nakshatra gems

    Supplier of fine quality emeralds since 2006

  • payal impex

    Cutter and supplier of commercial quality emeralds, rubies and sapphires for over 30 years

  • peninsula precious trading co ltd

    Cutter and supplier of fine quality gemstones

  • pk gems and gold co ltd

    Cutter and supplier of rubies for over 40 years

  • premacut ltd

    Cutter and supplier of gemstones

  • premier gems

    Cutter and supplier of commercial and fine quality emeralds for over 20 years

  • rajender gems

    Cutter and supplier of fine Zambian emeralds

  • real gems inc.

    Cutter and supplier of emeralds since 1975

  • rosy green

    Cutter and supplier of emeralds since 2007

  • rr stones trading co ltd

    Cutter and supplier of rubies

  • sant entreprises

    Supplier of fine quality rubies and sapphires since 1963

  • sparkle gems ltd

    Supplier of emeralds

  • star lanka co ltd

    Supplier of fine quality rubies and gemstones since 1985

  • sukhadia stones co ltd

    Supplier of fine quality rubies and sapphires

  • sumangal emeralds

    Supplier of fine quality emeralds

  • sung gems co ltd

    Cutter and supplier of gemstones

  • trillion emerald inc.

    Cutter and supplier of fine quality emeralds

  • veerasak gems co ltd

    Supplier of fine quality rubies and coloured gemstones for over 30 years