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Zambia Lifts 15% Export Duty on Precious Gemstones

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Gemfields Group Limited has expressed strong support for the Zambian government’s decision to suspend the 15% export duty on precious gemstones and metals, a move expected to significantly boost the country’s emerald industry. The suspension, announced by Zambia’s Minister of Finance, Dr. Situmbeko Musokotwane, is effective immediately, meaning the duty will no longer apply to emeralds mined by Kagem Mining Limited. The company is majority-owned by Gemfields (75%) with the remaining 25% held by Zambia’s Industrial Development Corporation.

Gemfields CEO, Sean Gilbertson, lauded the government’s swift action, stating, “We express our sincere thanks to President Hakainde Hichilema’s government for their prompt and impressive action in addressing the 15% export duty on precious gemstones. The Zambian emerald sector has experienced exceptional growth over the past 16 years and is now the world’s largest emerald exporter. This decision signals a clear commitment to fostering growth and job creation in Zambia, putting our industry back on track for continued success.”

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Tiffany & Co. Makes a Landmark Statement in Bangkok with First-Ever Thailand Building Wrap

The 1,598-sq.-Metre Installation Transforms Exchange Tower in Asok into a Giant Showcase for the Iconic Tiffany HardWear Collection

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Tiffany & Co. has made a striking statement in Thailand with the launch of its first-ever building wrap in the country, transforming the façade of Exchange Tower in Bangkok’s Asok district into a dramatic visual tribute to its iconic HardWear collection. The installation spans more than 1,598 square metres, turning one of the city’s prominent landmarks into a large-scale expression of the jewellery house’s design identity.

At the centre of the installation is the Tiffany HardWear Graduated Link Necklace in 18K Yellow Gold with Pavé Diamonds. The statement piece features the collection’s signature graduated links, crafted in 18K yellow gold and set with round brilliant-cut diamonds in a refined honeycomb setting designed to maximise light and brilliance.

The HardWear collection draws inspiration from a 1962 bracelet design discovered in Tiffany’s archives. The collection translates that archival influence into a contemporary design language associated with strength, resilience, boldness and empowerment, while retaining the House’s distinctive craftsmanship and heritage.

By presenting the necklace on an architectural scale, Tiffany & Co. has taken the idea of jewellery beyond the traditional boutique environment and into Bangkok’s urban landscape. The combination of gold, diamonds, scale and architectural visibility creates an immersive brand statement designed to capture attention across the busy Asok commercial district.

The landmark activation marks an important moment for Tiffany & Co. in the Thai market, demonstrating how the Maison is using large-scale creative experiences to bring its jewellery icons and heritage closer to a wider audience. The installation also reinforces HardWear as one of Tiffany’s contemporary design signatures, connecting archival heritage with modern luxury and visual storytelling.

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