The retailer has raised its guidance after seeing total sales increase 3 percent in the second quarter, beating expectations.
Gemfields Finds 5,655-Carat Emerald
The mining company has named the gemstone “Inkalamu” in honor of its conservation partners.

London—Gemfields recovered a 5,655-carat rough emerald from its Kagem mine in Zambia earlier this month, the colored gemstone miner announced Monday.
Geologist Debapriya Rakshit and veteran emerald miner Richard Kapeta discovered the emerald in the eastern part of Kagem’s largest open-pit mine on Oct. 2.
Gemfields said this area of the mine has proven to be “particularly fertile” in recent months, with the Kagem team recovering a number of significant crystals there.
The colored stone miner has dubbed the gem “Inkalamu,” or the Lion Emerald, in honor of the work carried out by conservation partners the Zambian Carnivore Programme and the Niassa Carnivore Project, which work to conserve Africa’s carnivores while also working with the local communities.
Gemfields said it will donate 10 percent of the proceeds of the sale of Inkalamu to the two organizations.
The giant gemstone, described as having “remarkable clarity and a perfectly balanced golden green hue,” will be included in its emerald auction next month in Singapore.
The company said in a statement that it was difficult to estimate how much Inkalamu will ultimately sell for, as well as how many individual gems will be cut from the rough stone, noting only that it expects “a number of large, fine-quality emeralds to be borne of the Inkalamu crystal.”
But the stone has been tagged with Gübelin Gem Lab’s “Provenance Proof” nanotechnology, in which nano-sized particles encoded with the mine of origin will allow for proof of origin in the future.
Gemfields, which only gives names to the rarest rough gemstones, last named an emerald in 2010 when it unveiled the “Insofu,” or “elephant,” emerald.
The Latest


Niccolò Rossi di Montelera, executive chairman of the board, was appointed as interim CEO.

The three-floor space also features the jeweler’s largest VIP salon in Japan and offers an exclusive diamond pendant.

Jewelers of America is leading the charge to protect the industry amidst rising economic threats.

The collection is a collaboration between Stephanie Gottlieb Fine Jewelry and Oak and Luna, focusing on understated essentials.


The highlight of a single-owner jewelry and watch collection, it’s estimated to fetch up to $7 million at auction this December.

CEO Efraim Grinberg noted a resurgence in the fashion watch market.

As a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.

The “Bullseye” necklace, with vintage bakelite and peridot, August’s birthstone, is the perfect transitional piece as summer turns to fall.

Sponsored by Clientbook

It will classify lab-grown stones into one of two categories, “premium” or “standard,” in lieu of giving specific color and clarity grades.

Former Free People buyer Afton Robertson-Kanne recently joined the retailer.

The jeweler teamed up with two local organizations for its inaugural “Back to School and Bling” event.

The singer’s new bling, reportedly a natural old mine-cut diamond, is no paper ring.

Plans for dining out, booking vacations, and buying big-ticket items were down.

The “Play” collection centers on nostalgic toys that have kinetic elements to carry playfulness and wonder into adulthood.

Designer Christina Puchi, the creative force behind CCWW Designs, has created charms and pendants based on iconic candies and crackers.

The Jonas Brothers star showed off new timepieces against the backdrop of his favorite spots in his home state of New Jersey.

The family-owned jeweler in Fayetteville, North Carolina, is in the hands of the second generation.

In his latest column, Emmanuel Raheb shares tips for encouraging customers to treat themselves to new jewelry.

The new stand-alone Rolex boutique is housed in the former Odd Fellows Hall, a landmark built in 1897.

The Brilliant Earth ambassador co-designed a diamond medallion featuring meaningful symbols.

Wrap jewelry is more than just a trend; it’s the perfect motif for the coming season of layering, scarves, and pumpkin spice.

The three-day watch collector show, coming this October, will feature 44 exhibiting brands, as well as a new dinner experience.

Sriram “Ram” Natarajan is now GIA’s senior vice president of laboratory operations and is based out of the lab’s headquarters in Carlsbad.

The one-of-a-kind collar represents the beauty of imperfection and the strength to rebuild.

Three C-suite executives, including former CEO Tom Nolan, have resigned as part of what the company describes as a “transition.”