KAGEM Mining Limited has temporarily suspended its mining operations at Kagem for about six months, citing disturbed emerald market dynamics. Kagem says there’s been an oversupply of Zambian emeralds at discounted prices during the second half of 2024. In a statement, Monday, Kagem stated that the market dynamics were compounded by conflicting emerald auction dates between the key Zambian emerald producers and giving rise to a destabilised Zambian emerald market outlook for at least the first half of 2025. “Kagem Mining Limited (Kagem) announces the temporary suspension of mining operations at Kagem. This decision is a direct consequence of disturbed emerald market dynamics arising from an oversupply of Zambian emeralds at discounted prices during the second half of 2024, compounded...