Belmont to showcase approximately 207 kilograms of emeralds, including a significant number of stones over 31mm
From November 11 to 15, 2024, Thailand’s capital, Bangkok, will host the 8th Biannual Rough Emerald Auction by Belmont Emeralds, held in partnership with the Bonas Group. The event will feature around 207 kilograms of emeralds sourced directly from Belmont’s mine in Itabira, Minas Gerais, Brazil. With an impressive offering of large stones exceeding 31mm, the auction is set to attract investors and industry professionals seeking ethically sourced and traceable gems, in line with the growing emphasis on sustainability in the gemstone market.
Belmont is part of the Precious Brazil project, a sectoral initiative created by the Brazilian Gems and Jewellery Trade Association (IBGM) (IBGM) in partnership with the Brazilian Trade and Investment Promotion Agency (ApexBrasil). This project aims to promote Brazilian gemstone and jewelry companies internationally.
The auction will be conducted in a “tender” format, allowing buyers to inspect the gems and place confidential bids, promoting a fair and balanced competition. This method has gained popularity in the gemstone industry for providing transparency in pricing and quality standards.
For Belmont, “the auction in Bangkok represents an opportunity to expand its buyer base and strengthen its presence in the Asian market while reinforcing its commitment to sustainable mining practices and social responsibility.”
About the Event
Recognized as the world’s third-largest emerald producer, Belmont stands out for its sustainable mining practices and positive impact on local communities, investing in educational and social programs around its mining area. Its emeralds are often compared in quality to gems from Zambia and Colombia, attracting a discerning audience and solidifying Brazil’s position as a key global player in the colored gemstone sector.
The auction will take place at the Bonas Group facilities in Bangkok, Thailand, known for their top-tier infrastructure for gemstone viewing. Interested parties should schedule inspection times in advance.
Location: Bangkok, Thailand
Dates: November 11–15, 2024
Viewing Hours: 9 a.m. to 6 p.m. (Bangkok time)
Bid Closing: November 15 at 4 p.m.
About ApexBrasil
The Brazilian Trade and Investment Promotion Agency (ApexBrasil) works to promote Brazilian products and services abroad and attract foreign investment to strategic sectors of the Brazilian economy. In order to achieve its goals, ApexBrasil carries out several trade promotion initiatives aimed at promoting Brazilian products and services abroad, such as prospective and trade missions, business rounds, support to the participation of Brazilian companies in major international fairs, visits of foreign buyers and opinion makers to learn about the Brazilian productive structure, among other business platforms that also aim at strengthening the Brazil brand. The Agency also acts in a coordinated way with public and private players to attract foreign direct investment (FDI) to Brazil with a focus on strategic sectors for the development of the competitiveness of Brazilian companies and the country.
About IBGM
The Brazilian Gems and Jewellery Trade Association is a national, non-profit private entity founded in 1977. Its mission is to represent, integrate, develop, and promote all segments of the gem, jewelry, and fashion jewelry chain. The association works as an advocate for their interests and by promoting knowledge transfer, trust, and appreciation of their products among consumers.
About Precious Brazil
The Industry Sector Project Precious Brazil aims to support and promote Brazilian companies in the Minerals, gemstones, jewelry, and fashion accessories segments that seek to export their products, whether they are beginners, exporters, or already internationalized. Coordinated by IBGM – The Brazilian Gems and Jewellery Trade Association in partnership with ApexBrasil – Brazilian Trade and Investment Promotion Agency – the project currently serves approximately 150 companies in the industry.
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