Agence France-PresseFebruary 26, 2014 09:08
London-based emerald firm Gemfields said on Wednesday it had hosted its most profitable gem auction ever, after moving the bidding to Zambia where the stones were mined.
The firm said it had made "auction revenues of $36.5 million," during the sale last week "a record for any Gemfields auction."
Last April, the Zambian government banned auctions abroad of its gems, prompting anger among buyers.
The auctions previously took place in Jaipur in India, London, Johannesburg and Singapore.