Auction Results: Sale of previously unsold Higher-Quality Emeralds
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Date24 Feb 2025
Gemfields is pleased to announce the results of a mini-auction held from 19 to 21 February 2025 of previously unsold higher-quality emeralds from the November 2024 auction. Highlights – Auction of Previously Unsold Higher-Quality Emeralds – February 2025 Auction revenues of USD 4.8 million 10 of the 13 lots were sold (77%) with 45,864 carats sold out of 59,192 carats on offer (77%) Average sales price of USD 105.49 per carat
Zambia Update: 15% Export Duty Suspended
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Date19 Feb 2025
Further to the announcement made by the Company on 8 January 2025, Gemfields is pleased to announce that the Honourable Minister of Finance of Zambia, Dr Situmbeko Musokotwane, has suspended the 15% export duty on precious gemstones and metals by issuing Statutory Instrument No. 4 of 2025 on 18 February 2025 (the Customs and Excise (Precious Stones and Metals) (Export Duty) (Suspension) Order). This suspension is effective immediately.