Coloured gemstone producer Gemfields , has asked the Zambian government to remove a recently re-introduced 15% export tax on emeralds to avoid hurting the sector.
Combined with an existing 6% mineral royalty tax, the 15% export duty on emeralds represents a significant tax burden for ...
(IDEX Online) - Gemfields is reeling from the shock imposition of a 15 per cent export duty on the emeralds it mines in ...
London-listed Gemfields said on Wednesday that it would lobby the Zambian government to suspend the newly reinstated 15% ...
London-listed Gemfields, whose ambassador is actress Mila Kunis, has been blindsided by the imposition of a double-digit tax on the export of gemstones from Zambia.
It explained that the 15% export tax on precious gemstones directly impacted the Zambian emeralds mined by Kagem Mining ...
FAILURE to extract a change of heart from the Zambian government this week over a controversial export duty on emeralds could result in hundreds of retrenchments, said Sean Gilbertson, CEO of the ...
Gemfields said it has resumed mining at its Montepuez ruby mine in Mozambique after temporarily suspending operations in the wake of attacks by groups it said are associated with the illegal ruby ...
Gemfields shares were in the red on Wednesday morning, after the company confirmed that the Zambian government had reinstated a 15% export duty on precious gemstones, effective from 1 January.
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Gemfields is faced with a new export tax for shipments of emeralds from Zambia, where it operates the Kagem Emerald Mine. The Zambian woes have been mounting for Gemfields. Last month, the company ...