Before the 15% export tariff, Gemfields suspended production at Kagem, citing market saturation from discounted emeralds.

Errol Musk, father of tech mogul Elon, has led a fascinating and sometimes controversial life. A skilled engineer and ...

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 ...

Gemfields, a major player in the coloured gemstone market, has formally requested the Zambian government to reverse a recently reinstated 15% export tax on emeralds. The tax, which was lifted in 2019, ...

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 ...

Coloured stones miner Gemfields has paused the sale of emeralds from the Kagem mine in Zambia, hoping that the government will soon reverse export tariffs.

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.

The southern African country, the world's second largest emerald producer after Colombia, re-introduced the tax on Jan.1, after it was suspended in 2019. "The company will engage with the Zambian ...

GRIZZLY by name, grisly by nature. Senegalese-owned family business Grizzly Mining flooded the Zambian emerald market to such an extent last year that it forced South Africa’s Gemfields Group to call ...