Zambia’s Emerald rated best in India

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as India represents 95% of Zambian emerald clients 

A RARE Zambian Emerald ever sold by Gemfields of Zambia ‘Inkalamu’ has been inaugurated in India by DiaColor, a brand that bought it on auction in Singapore on November 14, 2018.

Inkalamu was the single most expensive emerald by Gemfields in 35 years that Kagem had mined in Zambia and was one of the finest crystals from the ground, 450 million years old with 5655 carats.

In 2017, DiaColor again bought one of the largest Zambian emeralds in the world named ‘Insofu’ weighing a whooping 6, 100 carats, auctioned in Lusaka, Zambia. 

DiaColor Director Rajkumar Tongya said his high luxury jewellery brand was thrilled to be owners of Inkalamu which boasted of remarkable clarity and a perfectly balanced golden green hue. 

This came to light at the inaugural ceremony in New Delhi, India, graced by Zambia’s High Commissioner to India, Judith Kapijimpanga, journalists, luxury connoisseurs and industry leaders.

Zambia High Commissioner to India Judith Kapinjimpanga (centre)

“The emerald was unearthed at the world’s largest emerald mine by Gemfields Group Kagem Mine where it was named Inkalamu or Lion in Zambian language as a rare honour,” Mr. Tongya said. 

He revealed that from a family group, Diacolor had become a group which reached a turnover of US$ 300m in financial year 2017- 2018.

And Zambia’s High Commissioner to India Judith Kapijimpanga asked Diacolor, which through it’s subsidiary Gemrock based out of London and actively pursuing gemstone deposits around Africa and South America, to consider investing in Zambia.  

“Indian manufacturers have been sourcing emeralds from Zambia since the late seventies with the first auction by Zambia in 1982 stressing that Gemfields from Zambia today provide customers with two hundred and thirteen (213) grades across high and commercial quality emeralds,” she said. 

Mrs. Kapijimpanga said no matter how one would cut Inkalamu, it would still be detected as originating from Zambia because of the nanoparticles which contained specific information, which was a big step in supporting claims of responsible sourcing. 

“Premium- grade emerald auctions have recently been held in Lusaka but the Singapore auction was because of it’s proximity to India which represents 95% of Gemfields’ emerald clients, resulting in a good turn out,” the High Commissioner explained. 

She said the recently concluded Singapore auction delivered a total of US$ 28.4m, bringing the total revenue generated since 2009 to US$ 556m. 

And High Commissioner of Mozambique to India Ermindo Augusto Ferreira congratulated Zambia over the discovery of Inkalamu and echoed the need for value addition from countries of production such as Zambia’s emeralds and Mozambique’s rubies. 

This was contained in a statement released by First Secretary Press and Tourism at the Zambian Mission in India, Bangwe Naviley. 

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Start: 2019-07-01 End: 2019-07-31