International News
Zambia Lifts 15% Export Duty on Precious Gemstones
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.”
International News
The Next Generation Metal In Jewelry Collections Yuliya Kutovaya Jewelry
A Rare Fusion Of Eastern Heritage and Cutting-Edge Metallurgy, The Lagan Osmium Collection Redefines Contemporary Jewelry Design
Jewelry designer Yuliya Kutovaya presents the new Lagan Osmium collection, created in collaboration with the Osmium Institute. The collection embodies a contemporary approach to design, merging tradition with innovation.
At the core of the concept lies the aesthetic of traditional Eastern culture combined with the uniqueness of osmium as an innovative jewelry material.
–Yuliya Kutovaya Said:

“The idea for the collection originated from the image of the Uzbek lagan — a round, decorated serving plate traditionally placed at the center of the table, around which guests gather. In my imagination, I sought to unite this symbol of Eastern hospitality with a material that represents something truly unique and captivating. Osmium became a metaphor for the central element around which form and ornament are built.”
Crystalline osmium is an innovative platinum group metal — the rarest and densest precious metal in the world. It is highly resistant to external influences, and its natural structure does not require cutting.
The Lagan Osmium pieces are adorned with the refined vegetal “Islimi” pattern — a traditional Eastern ornament commonly found in wood carving. The tactile relief of the jewelry conveys the sensation of natural surfaces, while the contemporary interpretation of the ornament reflects the artistic heritage of Uzbekistan.
The design allows for transformation: the central osmium element can be easily removed.
The collection already has its own story. Last year, Yuliya Kutovaya presented her design at the Osmium Visionary Contest in Germany and subsequently continued her creative collaboration with the Osmium Institute. The collection will be showcased in May at the international exhibition GemGenève in Switzerland.
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