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Press Release: International and local gemstone experts will gather in Lusaka, Zambia later this month for the first Zambian Emerald Summit. The high-level event, which will be held at the Intercontinental Hotel on May 30 and 31, is designed to facilitate meaningful and valuable dialog between key stakeholders within the emerald industry and is expected to attract senior government officials as well as leading mining and gemstone industry representatives. “The summit will provide an opportunity for industry outsiders to better understand the emerald sector, and explore how the Zambian emerald sector might best be developed into a world leader, while ensuring that the relevant revenue and profit accrue within Zambia,” explained Ian Harebottle, the CEO of Gemfields plc, which is sponsoring the event. Delegates at the conference will participate in presentations, panel discussions, question and answer sessions and networking events featuring a cross-section of local industry stakeholders, international gemstone and policy experts, and representatives of the government of the republic of Zambia. A wide range of issues will be covered, with topics including transfer pricing; recording revenue and profit in Zambia; facts and figures on the Zambian emerald sector; updates from key emerald producers in Zambia; and issues affecting small-scale miners. In addition, there will be insights into how the informal and illegal emerald markets in Zambia function; adding value locally and the history of cutting and polishing in Zambia; the international emerald market – competing with Colombia and Brazil; and gemstone tracing and certification – international developments. Corporate social responsibility in the Zambian emerald sector will also be discussed, along with marketing Zambia’s emeralds: exchanges, auctions, direct-selling and consumer advertising; and lessons from the diamond sector, other countries and history. The summit begins at 9 a.m. on Thursday, May 30. Participants (who are required to pre-register in advance) are requested to arrive by 8:30 a.m. to complete enrollment formalities. A summit dinner will be held on the evening of May 30. The summit will close with a barbecue and networking event on the afternoon May 31. Registration forms are available from christina.wiese-at-gemfields.co.uk.
The summit sponsor, Gemfields plc, owns 75 percent of Kagem Mining Ltd., which operates the world’s single largest emerald mine, in Lufwanyama District. The Zambian government owns the remaining 25 percent of Kagem.
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