Sourcing

Fura Gems Schedules Inaugural Australian Sapphire Auction

SourcingOct 08, 2021

Fura Gems Schedules Inaugural Australian Sapphire Auction

The event will be held from Nov. 15-19 in Bangkok featuring large quantities of high- to medium-grade sapphires.

For the first time, Fura Gems will sell the sapphires it mines in Queensland, Australia, at a tender event in Bangkok.
Dubai—Fura Gems is ready to sell its Australian sapphires at auction.

The colored stone mining company has announced its inaugural tender for the gems will be an in-person event—clients will be given fixed appointments to see the goods and bid on them—held from Nov. 15-19 in Bangkok.

The sale will feature large quantities of high- to medium-grade sapphires in blue, blue-green, green, and parti color.

All stones in the auction will be untreated, Fura confirmed, and all lots will be graded ahead of the auction.

Fura said it expects buyer participation to come primarily from Thailand, Sri Lanka, China, and India.

Those interested in the event should reach out to Fura’s Vice President of Marketing and Sales Rupak Sen at rupak.sen@furagems.com.

Fura acquired Australian mining company Capricorn Sapphire in late 2019, followed by the purchase of Great Northern Mining last year, both of which held sapphire mining licenses in Queensland.

This year, it launched the Fura Marketing Council, a member-based program to help promote color and grow the sector. The team officially debuted it at the Las Vegas trade shows. 

 Related stories will be right here …
Brecken Branstratoris the senior editor, gemstones at National Jeweler, covering sourcing, pricing and other developments in the colored stone sector.

The Latest

CollectionsOct 22, 2021
The Artistry 2022 Catalog Is Out

It’s full of bestsellers to stock up on.

SurveysOct 21, 2021
10 Retailers on Why They Expect the Diamond Boom to Continue

However, their optimistic outlook comes with a hint of caution due to a number of factors out of their collective control.

ColumnistsOct 21, 2021
Squirrel Spotting: It’s a Diamond Moment!

It’s no doubt diamond sales are booming, but why? Peter Smith explores the complicated reasons why consumers want the stones right now.

Brought to you by
Buying a Diamond is More Than Knowing the 4C’s

Buyers may be excited about online diamond deals, but there are uncertainties surrounding the authenticity and clarity of the diamonds.

IndependentsOct 21, 2021
Quiz: How Closely Have You Been Reading Our Columns?

Brush up on the finer points of customer budgets, recruiting new employees and driving traffic to a new website with this quick test.

Weekly QuizOct 22, 2021
This Week's Quiz
Test your knowledge of jewelry news from the week of Oct. 18-22, 2021.
Take the Quiz
TrendsOct 21, 2021
Amanda’s Style File: Prepare to ‘Fall’ in Love

Here are 15 jewels to celebrate the season.

CollectionsOct 21, 2021
Contemporary Jewelry Designers to Collect Now

Experts opine on the independent fine jewelry brands with the greatest investment potential.

Brought to you by
Viva Italia! Why the JCK Italian Pavilion Was a Sight Worth Seeing at JCK Las Vegas

One of the highlights of the JCK show in Las Vegas has always been the Italian Pavilion, buzzing with excitement and elegance.

GradingOct 21, 2021
Via YouTube, ASA Advises Consumers to Visit Accredited Appraisers

In a new video posted to the popular site, ASA appraisers tout the importance of hiring a qualified expert.

×