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
Pandora’s Canada Move Dodges US Tariffs
Fast Shipping, Rock-Solid Reliability, and Top-Tier Customer Service
Pandora’s betting big on Canada with a shiny new distribution hub in Mississauga, Ontario—designed to slash delivery lags and sidestep those pesky US tariffs. It’s a game-changer for the Canadian ops: lightning-fast shipping, rock-solid reliability, and top-tier customer service.
Pandora, which locates its jewelry manufacturing in Thailand, where it operates two factories, has been affected by the tariff policies imposed by U.S. President Donald Trump in recent months. With the new distribution plant, the company expects to reduce its costs by up to 1.5 percentage points in the current fiscal year.
This powerhouse site cranks out up to 12,500 online orders daily, per Pandora’s announcement. Canada’s a rocket for the Danish jewelry giant: sales rocketed over 50% since 2019, topping DKK 1 billion ($153.9M) last year alone. Pandora’s got 96 stores dotting the Canadian landscape.
Previously, 20%+ of those digital Canadian buys shipped from US centers—hello, tariffs and delays. Now? Processing shifts north, trimming delivery times by 50% and nixing border duties entirely.
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