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flag Gemfields faces tax hike in Zambia, threatening Fabergé owner's mining operations.

flag Gemfields, a London-listed company owning the luxury brand Fabergé, faces challenges due to Zambia's sudden reintroduction of a 15% export tax on gemstones. flag This affects Kagem Mining, 75% owned by Gemfields, raising the total effective tax rate on revenues to 21%. flag Gemfields plans to lobby the Zambian government to suspend or remove this tax, citing impacts on industry sustainability and investment.

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