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
GJEPC Delegation Begins Poland Leg Of Eastern Europe Trade Mission
Delegation Explores Poland, Romania and Serbia Through Market Studies, Retailer Interactions and Strategic Business Outreach To Expand India’s Gem and Jewellery Export Opportunities.
GJEPC has launched its Eastern Europe trade delegation with an on-ground market study in Warsaw, Poland, as part of a broader outreach covering Poland, Romania and Serbia from 18 to 26 May 2026.
The initiative aims to strengthen India’s trade engagement with emerging Eastern European markets and create new opportunities for gem and jewellery exports through structured business meetings, networking events and direct trade interactions.
On the first day in Warsaw, the delegation conducted an intensive assessment of the local jewellery market, visiting leading retail destinations including Złote Tarasy commercial centre. The team studied major regional players such as Apart, which operates over 200 showrooms, along with Vezzi, Ami, Arenart and Pandora, each with sizeable retail footprints.
Delegates engaged directly with retailers, shop owners and managers to showcase Indian manufacturing capabilities and explore potential business collaborations. The study also examined sourcing models, import logistics and consumer demand patterns across gold, silver and diamond jewellery categories.
The delegation is designed to provide participating members with focused market exposure, business leads and deeper insights into the evolving jewellery landscape across Eastern Europe.
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