Gemfields has released the financial outcomes of its recent rough emerald auction, which took place from May 4 to May 21, 2026, and featured a selection of higher-quality gemstones. The event achieved strong market demand, generating a total revenue of USD 26.8 million. Buyer competition was robust, resulting in the sale of 36 out of the 37 available lots, representing a 97% clearance rate. In terms of volume, the market absorbed 99% of the supply, with 183,385 carats sold out of the 185,135 carats put up for bid. This high demand drove the average realized price to an impressive USD 146.08 per carat.
Discover P.J. Joseph's blog, your guide to colored gemstones, diamonds, watches, jewelry, art, design, luxury hotels, food, travel, and more. Based in South Asia, P.J. is a gemstone analyst, writer, and responsible foodie featured on Al Jazeera, BBC, CNN, and CNBC. Disclosure: All images are digitally created for educational and illustrative purposes. Portions of the blog were human-written and refined with AI to support educational goals.
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