Di­a­color Buys 6,100-ct Zam­bian Emer­ald

Solitaire - - SPECTRUM -

An ex­tremely rare, high qual­ity Zam­bian emer­ald was sold at auc­tion in Lusaka in early Oc­to­ber for an undis­closed amount. The ex­cep­tional 1,220g (6,100-carat) gem­stone, dis­cov­ered at the Kagem mine in Lufwanyama, was bought by one of the world’s lead­ing gem­stone and jew­ellery com­pa­nies, Di­a­color In­dia.

The emer­ald, named In­sofu (mean­ing baby ele­phant in the lo­cal Bemba lan­guage) is con­sid­ered “ex­cep­tional” by in­dus­try ex­perts be­cause of its large size, clar­ity and colour.

“This is one of the best pieces I have seen. It has a beau­ti­ful his­tory. The sheer size makes it a rare stone and on top of that it has beau­ti­ful qual­ity. It has glam­our; it has a his­tory and I am very proud of it. It is of course very high value, but it is price­less for me.

“It’s a mu­seum piece for me, I don’t want to sell it. I would like to en­joy keep­ing it,” said Ra­jku­mar Tongya, chair­man of Di­a­color, a fam­ily-run busi­ness that has been op­er­at­ing for four gen­er­a­tions.

In­sofu was mined in 2010 at Kagem, the world’s sin­gle largest pro­duc­ing emer­ald mine, which is owned by Lon­don-based Gem­fields (75%), in part­ner­ship with the Zam­bian gov­ern­ment.

The emer­ald was named by Gem­fields to re­flect the com­pany’s sup­port for wildlife con­ser­va­tion as part of its wider com­mit­ment to en­sur­ing re­spon­si­ble min­ing through so­cial, en­vi­ron­men­tal and eco­nomic con­tri­bu­tions to Zam­bia.

Gem­fields has been in­stru­men­tal in putting Zam­bia on the world map as a com­pet­i­tive, re­li­able and trusted source of re­spon­si­bly sourced gem­stones while pi­o­neer­ing new en­vi­ron­men­tal, so­cial and safety stan­dards in the coloured gem­stone sec­tor.

“This is a truly re­mark­able ex­am­ple of a spec­tac­u­lar gem­stone from the Kagem emer­ald mine. We have rarely seen this in the seven and a half years since we mined it in 2010; it’s an in­cred­i­ble piece and it’s def­i­nitely in the right hands,” said Gem­fields chief ex­ec­u­tive of­fi­cer Sean Gilbert­son.

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