London-based miner and supplier of coloured gemstones, Gemfields Group, expects to garner a record price following the sale of one unusual emerald at an upcoming auction.
Gemfields will sell a cluster containing 187,775 carats of emeralds at an upcoming rough tender, expecting it to garner a company record price for a single emerald piece.The miner recovered the Kafubu Cluster in March 2020, it said Wednesday. It is named for the river that forms the natural.
RAPAPORT. Gemfields’ earnings more than doubled in the first half of the year as the colored-stone miner returned to its usual auction cycle and demand strengthened.Net profit after tax came to around $56.7 million for the six months ending June 30, compared with $23.8 million a year.