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Zambia drops 15% export tax on gemstones

Cecilia Jamasmie | December 19, 2019 | 9:49 am Markets Africa Diamond 

Zambia will suspend a 15% export tax on gemstones, excluding diamonds, from Jan. 1 next year as the levy, aimed at raising more revenues ended up affecting the country's output. The news was welcomed by Gemfields (JSE: GML), which runs...

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