Emeralds fetch $31.6 million at Gemfields’ auction

Singapore glittered green last week when Gemfields unveiled more than 1.07 million carats of mostly rough emeralds up for auction. The event, which sold 740,000 carats, collected over $31.6 million. The auction was attended by 39 companies and all but one placed their bids. The auction met a steep climb of 63% per carat as compared to an auction held by Gemfields last December. The auction house will host its next event in November.

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