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News

  1. Q1 Gold Jewellery Demand Soft, Says WGC
  2. Jewellery Buying Groups Formed New Global Alliance
  3. Singapore to Host Jewellery & Gem World 2022
  4. ‘Wonder Woman’ Gal Gadot Premiered in Tiffany’s 2022 High Jewellery Collection
  5. Christie’s to Auction ‘The Light of Africa’ for $18M in June
  6. New Board of Directors were elected to Jewellery Exporters Association of Turkey
  7. Oroarezzo back with Première Competition
  8. ‘De Beers Blue’ auctions US$57.5M at Sotheby’s
  9. CTF launches Mother’s Day collection
  10. Jewelers of America Announces The 2022 CASE Award Winners
  11. De Beers: Diamond Businesses Staying Cautious About Business Expectations
  12. Synthetic Alexandrite Pioneer David Patterson Dies at 89
  13. 205 CARAT FANCY INTENSE YELLOW DIAMOND GENEVA MAGNIFICENT JEWELS | 11 MAY 2022
  14. Rebecca Foerster Appointed As President of Hearts On Fire
  15. US Steps Up Sanctions Against Alrosa
  16. PGI Study Findings: Consumers Have Different Interpretations of Sustainability
  17. Irving Wong Appointed as Pandora’s General Manager For China
  18. Rolex’s 6 New Watches Unveiled at Watches & Wonders Geneva
  19. Sixième Sens par Cartier High Jewellery: Heteractis Ring
  20. Will Russian Diamond Ban Help Foster Lab-Grown Diamond Business?
  21. Press Release: Ariana DeBose, Hunter Schafer and Zoey Deutch Shine in De Beers Jewellers at the Vani
  22. Press Release: Ariana DeBose, Hunter Schafer and Zoey Deutch Shine in De Beers Jewellers at the Vani
  23. JEWELLERY GENEVA Takes Place between 30 March and 3 April 2022
  24. Christie’s Presents 228 carat White Dimond
  25. Gold Bar Integrity Programme to be Implemented
  26. Press Release: BONHAMS ANNOUNCES ACQUISITION OF BRUUN RASMUSSEN AUCTIONEERS – DENMARK’S LEADING AUCT
  27. Early Spring Fashion for Natural Diamonds
  28. Jennifer Garner Shines in De Beers Jewellers at the Premiere in New York
  29. To celebrate its 15th anniversary, “Cartier Women’s Initiative Impact Report”
  30. American Gem Trade Association Announces Partnership with JCK Show Again
  31. Chow Tai Fook and Canada's Mountain Province Diamonds Sign Supply Agreement
  32. Registration Is Open for 2022 JCK Show
  33. Alrosa Caught Up in U.S. Sanctions
  34. Tawhid Abdullah Receives Lifetime Achievement Award
  35. The Largest Blue Diamond Appears at Sotheby’s Auction
  36. Price Rise for Nearly 90% Of Fancy Colour Last Year
  37. Dickson Yewn’s Collectibles Given for Sotheby’s Charity Auction
  38. De Beers Boosts Production
  39. Watches & Wonders Geneva To Be Held In Hybrid Format
  40. Jewellery, Gem & Technology Dubai to Debut February
  41. Hong Kong Losing its Dominance as the World's Largest Watch Market
  42. Gift Guide for CNY
  43. Press Release: Sotheby’s Announces New Appointments To Luxury Team In ASsia
  44. Georg Jensen Becomes a Certified Member of RJC
  45. 555.55-carat Black Dimond Unveiled at Sotheby’s Auction
  46. GIA Appoints Anna Martin as SVP for Institute, Industry Relations
  47. Alrosa Boosts Direct Sales of Fancy Diamonds to Investors
  48. CIBJO General Assembly postponed to March 17 and 18, 2022
  49. 7,525 Carat Emerald Discovered
  50. Karl Lagerfeld Jewellery Collections to Shine
  51. Diamonds Travel To The Space
  52. Vicenzaoro January postponed to March
  53. America’s Youngest Jeweller Starts Business via Instagram
  54. Concerns over conflict gold arise again
  55. The 1st International Gemstone & Diamond Trade Summit Wraps Up in Macao
  56. The Knot’s Study:Over 30% of Respondents Say Natural Diamond Unimportant
  57. Pantone’s 2022 Colour of the Year: Very Peri
  58. Phillips Jewellery Auctions Fetch over HK$181 Million
  59. The World’s First Pure Gold Castle of Magical Dreams by CHOW TAI FOOK
  60. Jewellery Sales Jumped 78% During the Thanksgiving Holiday
  61. Gem Auctions DMCC’s Debut Auction Successful
  62. Cartier’s Christmas Tree Lights Up the City with Love and Hope
  63. Rediscovering Lacloche in Hong Kong
  64. Blue diamonds to lead Christie’s HK autumn sale
  65. JMA show to stage next Thursday
  66. HK auction to help Cambodian kids
  67. Basel fair cancelled again
  68. HKDI show to continue in Dec
  69. Gemfields sells 7,500-carat emerald for good
  70. Sustainability is key to diamond purchases, a report says
  71. Christie’s Geneva jewellery sale fetches CHF53.7m
  72. Cibjo forms working group on fei cui standards
  73. Only Watch raises CHF30m for DMD research
Read More...


HIGHLIGHT

  1. US market unfolds changes and potential
  2. The queen of gems, the gem of queens
  3. Classics return

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African gemstones gaining ground in China

With the first successful bid from a Chinese company at Gemfields’ recent emerald auction in August in Zambia, it is believed that the interest and significance of African coloured gemstones in China market is escalating.

 

Held 19-22 August 2019 in Lusaka, the auction featured a total of 5.68 million carats of commercial-quality rough emeralds from the Kagem mine. According to Gemfields, Cai Bao Cheng from China purchased 117,500 carats of large emeralds of over 31mm in size.

 

Lok Chen of the Chinese bidder said at the auction that they were impressed by Gemfields’ reliable grading system, their generous and consistent supply of gemstones and their fair auction process.

 

“Cai Bao Cheng is the first company to demonstrate the trend of increasing interest in Zambian emeralds coming from China,” said Sean Gilbertson, Gemfields CEO. “The company will cut and polish the rough at their factory in Shenzhen. The finished stones are destined for the Chinese domestic market.”

 

Gemfields believes that with more Chinese companies showing interest in participating in auctions, and Chinese consumers yearning for a more contemporary green gemstone to update their traditional fei cui, Cai Bao Cheng’s newly cut and polished Zambian emeralds could well be the first of many Gemfields’ gemstones to excite the Chinee domestic market.

 

In August, 10 Chinese professionals across the gemstones sector visited Gemfields’ mines in Africa to build their knowledge and passion for gemstones. The field expedition led by the Guild Institute of Gemology aimed to bring China to the source for a higher level of global gem industry knowledge and to connect China with the global trade, showing participants a good example of large-scale, sophisticated, ethical and responsible mining.

 

“By giving them a broader perspective of the global industry, Guild hopes it will enable students to better promote gemstones in China. The trip proved a great success, with participants posting enthusiastically on social media, to share the experience with their followers,” said Gemfields.

 

Apart from the long history with gemstones, especially jade, China also has a traditional fondness for ruby’s auspicious red colour which represents luck, happiness, beauty, vitality, success and good fortune, according to Gemfields.

 

“There is a growing awareness that African gemstones are now highly desirable and just as beautiful as the more established provenances such as Colombia and Burma. African countries are now the market leaders in production, with emeralds from Zambian and rubies from Mozambique dominating,” Gilbertson explained.

 

To help a wider audience in China build greater knowledge and understanding of coloured gemstones, Gemfields is working with the Guild Institute of Gemology to present a series of masterclass on ruby across the country.

 

Designed for wholesaler dealers, cutters, jewellery manufacturers, gemmological students and retailers to make them an ideal partner of Gemfields, the course will be offered in Guild’s classroom facilities in Shenzhen, with sessions to be held in cities such as Beijing, Shanghai, Chengdu, Guangzhou and Hubei in cooperation with local universities and trade organisations. Attendees will base on Gemfields’ Mozambican ruby grading gem sets to learn about colour grading, quality assessment, treatment classification and identification, gemstone origin and supply chains.

 

Gemfields aspires to develop the course to be a systematic modular system that leads to the most intensive and practical training in the industry in China.

 

While being excited to see continued growth of Gemfields’ African gemstones in China, Gilbertson has expressed his concern over the tax issue in China. “A major obstacle is the import costs, which include a 10 percent duty and 13 percent VAT. The tax for gemstones has been reduced from 36 percent to 23 percent since March 2019, but further reductions would greatly assist the coloured gemstone market,” he told Hong Kong Jewellery.

 

In 2020, Gemfields will continue to focus its education and marketing initiatives on promoting social-responsibility and sustainability of responsible mining. “Gemfields aims to pioneer the understanding of responsibly sourced, coloured gemstones in the China market by compiling research on industrial insights, participating in jewellery fairs and organising media and trade roundtables to maximise the awareness of responsible sourcing,” says Gilbertson. (Photo courtesy: Gemfields)

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