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 reintroduced a 15% export duty on all precious gemstones, posing a major hurdle for Gemfields, which operates the country’s Kagem emerald mine. The government revoked the 2019 duty ...

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 ...

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.

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 ...

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 ...

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.

Gemfields will lobby the Zambian government reverse a newly reinstated export duty on precious stones, as its share price stumbles on fears for its Kagem Mining operation in the country.

(Alliance News) - Gemfields Group Ltd said on Wednesday that Zambia has re-introduced a 15% export duty on emeralds, raising the tax bill for its operations in that Southern African country. The ...