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Gembridge Says It Had Record Q3 Sales October 19, 2022 (0 comments)
Melbourne, Australia--Digital marketplace Gembridge says it posted its highest ever sales in the third quarter of 2022 and boosted its listings of high-quality gemstones and jewelry.
In September, Gembridge sold a large number of rare and beautiful gemstones at several price points, some in excess of $60,000. Ruby, emeralds, sapphires, fancy coloured sapphires and spinels were the most popular stones to be transacted.
“Q3 was a record quarter for Gembridge for sales and listings,” said Jean Jureidini, Gembridge’s commercial director. “We saw the quality and variety of our catalogue surge at very competitive prices. Buyers reacted strongly to what was on offer.”
North American and Asian sellers with buyers from the Middle East and Europe driving demand, the company said.
“Our commercial success is a result of new tools and improved usability combined with the personal touch of our regional teams located in the major buying and selling markets of the world,” said Nick Marrett, Gembridge CEO.
The jump in transactions coincides with a sharp increase in the number of listings, company said. The launch of Gembridge's “Multiple Upload Tool,” which enables wholesalers to upload up to 10,000 listings at a time, has led to a surge in gemstone and jewelry uploads.
This has enabled Gembridge to sign up new leading wholesalers in the United States, Europe and Asia, further boosting the quality and competitiveness of its inventory.
Gembridge offers digital marketplaces for both the coloured gemstones trading community and retail customers. Qualified dealers and buyers can register at: gembridge.com/register