Zambia: Govt to Monitor Gemstone Auction

THE Government, through the Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH), is in the process of implementing a mechanism to monitor the pricing criteria for locally mined emeralds during auctions.

Mines, Energy and Water Development Deputy Minister Richard Musukwa said in an interview in Ndola at the weekend that the mechanism was meant to ensure that locally mined emeralds were sold at their value price.

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