his milestone event marks the first time in Fura’s auction history that over 132,000 carats of high-quality Colombian emeralds will be offered to the international market.
The November 2024 auction will showcase an extensive range of emeralds, distinguished by their remarkable clarity, vibrant colour, and expert cuts that elevate Colombian emeralds to new standards of excellence. With this event, Fura Gems sets a new benchmark in gemstone quality, positioning Coscuez emeralds as a symbol of rarity and enduring beauty.
Nestled within the renowned Muzo formation, the Coscuez mine has, for centuries, been a source of dome of the world’s most coveted emeralds. Now under Fura’s stewardship, leading to an upsurge in both quality and production. Recent discoveries from the mine feature emeralds with deep, verdant hues and exceptional clarity, honouring the mine’s rich heritage while promising a future filled with new discoveries.
“These emeralds embody the heritage and quality that make Colombian emeralds so sought after worldwide. Our auctions provide rare access to Coscuez’s finest gemstones,” says Rupak Sen, Chief Marketing Officer at Fura Gems.
Since 2017, Fura Gems has led the coloured gemstone industry in transparency and responsibility through Provenance Proof blockchain technology. This innovative digital solution creates a “digital twin” for each gemstone, providing a permanent, immutable record of its provenance, ownership history, and unique characteristics. Every lot sold at the auction is uploaded to the Provenance Proof blockchain platform before the sale, and the digital key is transferred to the auction winner along with the gemstone upon completion of the sale. Each Authorised Auction Partner undergoes a thorough KYC process to ensure full verification, strengthening Fura’s commitment to sustainable sourcing and industry-leading transparency.
Beyond its contributions to the global gemstone industry, Fura Gems, along with its subsidiary Fura Coscuez SA, is committed to fostering positive change in the communities surrounding Coscuez. The company’s local initiatives focus on creating sustainable livelihoods, educational and training program, and environmental conservation efforts. Each auction reaffirms Fura Gems’ commitment to enhancing community well-being and honouring the legacy of those who have supported Coscuez for generations.
Through local engagement and socially responsible practices, Fura Gems is working to ensure that the benefits of a sustainable gemstone industry reach both the land and its people, preserving Colombia’s natural resources for the future.
Fura Coscuez SA takes pride in providing a reliable supply of high-quality, responsibly sourced Colombian emeralds, enhancing value with each auction. By prioritising ethical sourcing and transparent auction practices, Fura Gems offers buyers a trusted experience while strengthening its partnerships with local communities. This approach underscores Fura’s dedication to a sustainable supply chain that builds confidence for buyers and uplifts the communities integral to the brand’s success.
This seventh auction reinforces Fura’s mission to elevate Colombian emeralds on the world stage, presenting a combination of unrivalled quality and responsible practices that shape a sustainable future for all.
Looking ahead, Fura Gems will host additional auctions featuring Mozambican rubies (December 10-14, 2024) and Australian sapphires (January 21-24, 2025), further expanding access to responsibly sourced, world-class gemstones.
