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Gemfields Group ( (PLLHF) ) has shared an update.
Gemfields announced the suspension of a 15% export duty on precious gemstones in Zambia, effective immediately, as per the Zambian Minister of Finance’s issuance of Statutory Instrument No. 4 of 2025. This decision positively impacts Gemfields’ operations, as it applies to emeralds mined by Kagem Mining Limited, which is 75% owned by Gemfields. The suspension is expected to foster further growth and job creation in Zambia’s emerald sector, reinforcing the country’s position as the world’s largest emerald exporter.
More about Gemfields Group
Gemfields is a leading miner and marketer of colored gemstones, owning major stakes in the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique. The company also owns Fabergé, allowing it to enhance the positioning and consumer perception of colored gemstones. Gemfields’ proprietary grading and auction systems are key components of its business model, contributing significantly to the global colored gemstone sector.
YTD Price Performance: -34.00%
Average Trading Volume: 86,049
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $76.58M
Learn more about PLLHF stock on TipRanks’ Stock Analysis page.