GEMFIELDS Group Limited has lamented the lack of notice or prior consultation regarding the re-introduction of a 15 per cent export duty on emeralds. In a statement, Wednesday, the company stated that it would engage government to suspend this export duty or remove it from the legislation. “Gemfields has become aware that a new statutory instrument in Zambia dated 30 December 2024 and which came into effect on 1 January 2025 (S.I. No. 88 of 2024, the Customs and Excise (Precious Stones) (Export Duty) (Suspension) (Revocation) Order, 2024) has revoked the 2019 suspension of a 15% export duty on precious gemstones. This directly impacts the Zambian emeralds mined by Kagem Mining Limited (Kagem) which is 75% owned by Gemfields and...