In comparison, Brazil and Colombia, the world’s other top emerald exporters alongside Zambia, have significantly lower taxes. Gemfields pointed out that Brazil’s aggregate tax on revenues was ...

ZAMBIA has imposed a shock 15% export duty on precious gemstones adding further pressure on Gemfields which operates the country’s Kagem emerald mine. Sean Gilbertson, CEO of Gemfields said in an ...

Jan 8 (Reuters) - Coloured gemstone producer Gemfields (GEMGE.L), opens new tab, has asked the Zambian government to remove a recently re-introduced 15% export tax on emeralds to avoid hurting the ...

This directly impacts the Zambian emeralds mined by Kagem Mining Limited ("Kagem") which is 75% owned by Gemfields and 25% owned by the Zambian Government's Industrial Development Corporation.

The AIM-traded firm said the duty, reintroduced via a statutory instrument, applied to emeralds mined by Kagem Mining, a joint venture between Gemfields, which holds a 75% stake, and the Zambian ...

The collection, which features radiant Zambian emeralds, captures the essence of her philosophy — letting the raw, natural materials take center stage, while the design merely enhances their ...

It warned the tax directly impacts the Zambian emeralds mined by Kagem Mining, 75 per cent of which is owned by Gemfields with the remaining 25 per cent owned by the southern African country's ...

Gemfields is scrambling for a way out of a 15% tax on exports of emeralds from Zambia, saying the levy should be suspended or removed as it was introduced without consultation and deters investment.

Gemfields Group Limited has announced that the Zambian government has reinstated a 15% export duty on emeralds, effective January 1, 2025, impacting the Kagem emerald mine, which Gemfields ...