Qantas has tightened Emirates Classic Flight Reward redemptions – the second such devaluation in 7 months. From 18 February only Qantas Silver members can redeem points for Emirates First Class and from 31 March points required for all Emirates Classic Flight Rewards will increase by 5 - 30% with First Class awards rising 20%, Business by 5 - 10% and Economy 10%.

Source: https://www.linkedin.com/company/emirates/