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Category: Colored Gemstones
Miner sells 36 of 37 lots for total of $26.8 million.
Reopening of Kagem emerald mine and cost-saving measures partially offset deficit.
Demand uneven, skewing away from lower-quality, smaller goods.
90% of lots found buyers in latest sale, averaging $279 per carat.
Category will be a part of its annual Spectrum accolades.
Headquartered in New York, American Gemological Laboratories carries out analysis and provenance reporting.
AGTA’s John Ford and Bruce Bridges share updates and insights.
Miner sells 3.4 million carats for $25.4 million in latest sale of commercial-quality goods.
Sale features medium to commercial grades from recently developed mining area.
First-half loss primarily due to fewer high-grade rubies from Montepuez and the impact of a 15% export duty on emeralds from Zambia.