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Gemfields hopes for Zambia tax U-turn

Miner is holding stones in hopes they can be sold later without tariff

William Clarke
Gemfield's Montepuez ruby mine in Mozambique

Gemfield's Montepuez ruby mine in Mozambique | Credits: Gemfields

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. "Emerald exports are, since 1 January 2025,...

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