Image credit: Gemfields
It said the total emerald Kagem auction revenue in 2021 was $92.3 million.
Kagem sold 270 000 carats of emeralds for $31.4-million from online auctions conducted between March and April 2021, resulting in an average carat value of $115.59 per carat.
The company’s online auctions between July and August raked in $23.1-million or $6.61 per carat from 3.5-million carats sold.
Gemfields said online auctions convened in November and December, Kagem sold 250 000 carats for $37.78-million or $150.65 per carat.
Meanwhile, Kagem mine’s expenditure on plant, property and equipment was $2.27-million last year, while cash operating costs reached $32.83-million.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
