Gemfields faces 21% tax as Zambia reinstates export duty
Combined with an existing 6% mineral royalty tax, the 15% export duty on emeralds represents a significant tax burden for Gemfields.
British auctioneer Christie’s sold a “perfect” pear-shaped colourless diamond for $26.7 million at an auction in Geneva Wednesday, reports the Associated Press.
The symmetrical flawless gem weighs 101.73 carats and is graded with the best colour, D, the best clarity, flawless, and the best purity, Type IIa.
Christie’s said the rough stone weighed 236 carats when it was extracted from the Jwaneng mine in Botswana and took
The sale established a new world record price for a gem of its sort.
Image courtesy Christie’s
