MARKET COMMENTARY – Opportunities grow for Mozambican rubies, Zambian emeralds at top end of the market


By David Brough

GENEVA – Mozambican rubies and Zambian emeralds will garner increasing acceptance among the upper echelons of collectors, retailers and designers in the gemstones market as supplies of the highest premium Burmese rubies and Colombian emeralds become ever harder to source.

Dealers polled at GemGenève (November 3-6, 2022, Palexpo) spoke of the sturdy health of the top end of the market in the run-up to the magnificent jewels sales in Geneva next week, but said the cautious stance of the auction houses towards the African origins would inevitably come under pressure as more exceptional stones emerge from Mozambique and Zambia.

Auction house specialists say the most exceptional Burmese rubies and Colombian emeralds will continue to be extremely highly prized by collectors due to their exceptional beauty, colour and rarity. Spinels, which are already costly and have their own niche, are unlikely to challenge the highest rubies in the market place as the colour can be quite different, they add.

GemGenève runs from November 3-6, 2022

GemGenève runs from November 3-6, 2022

Amidst concerns over the current political situation in Myanmar, rubies mined in Mozambique are well-placed to take full advantage of marketing opportunities.

Zambia is the origin of some truly exceptional quality emeralds that would splendidly adorn bespoke high jewellery creations on Place Vendome.

(Disclaimer: Any opinions expressed in this article are solely those of the author, and should not be construed as investment advice.)