Gemfields asks State to reverse emerald export tax
JOHANNESBURG – Coloured gemstone producer Gemfields has asked the Zambian government to remove a recently re-introduced 15 percent export tax on emeralds to avoid hurting the sector.
Zambia, the world’s second largest emerald producer after Colombia, re-introduced the tax on January1, after it was suspended in 2019.
“The company will engage with the Zambian government to seek the re-introduction of the suspension of this export duty or to remove it from the legislation given the impact on sector sustainability and investment attractiveness CLICK HERE TO READ MORE
