Liz Taylor’s ‘Taj Mahal’ diamond sparks Christie’s auction house dispute

A 2023 survey showed that 25 of 34 minerals deemed "critical raw materials" by the European Commission were found in Greenland.

Combined with an existing 6% mineral royalty tax, the 15% export duty on emeralds represents a significant tax burden for Gemfields.

LGD prices are falling because their manufacturing costs also keep dropping, while slow demand is pulling down natural diamond prices.

The diamond giant has faced multiple headwinds in recent years.