Kagem auctions rake in $38m
Published On December 9, 2021 » 1040 Views» By Times Reporter » Business, Stories
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By KENNEDY MUPESENI-
GEMFIELDS Group has generated a record $37.9-million in revenue from a series of five emerald mini-auctions in November and December this year. The emerald giant who owns Kagem in Lufwanyama stated that all carats on offer were sold and the emeralds, produced at the company’s 75 per cent-owned Kagem mine, in Zambia, were sold for an average of $150.65 per carat (ct).

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