President Hakainde Hichilema has announced that Zambia is now the world’s leading exporter of emeralds, surpassing Colombia, which had long held dominance over the global emerald market with between 70% to 90% share of high-quality emerald production.
The major milestone was disclosed on Wednesday, July 16, during the official opening of the Invest Zambia International Conference held at the Mulungushi International Conference Centre in Lusaka. The president described the development as a national achievement that demonstrates Zambia’s growing strength in the international gemstone sector.
Hichilema attributed the breakthrough to the performance of Kagem Mine, Zambia’s flagship emerald producer situated in the Copperbelt Province. The mine is jointly owned by Gemfields Group Ltd (which holds a 75% stake) and the Zambian government (with a 25% stake).
“This is a proud moment for Zambia. We are now officially the number one exporter of emeralds globally. This was made possible by sustained policy direction, proper resource management, and transparent partnerships,” Hichilema said.
The president said the country’s rise in the global gemstone market was not by chance but by design, noting that Zambia is ready to expand its footprint in the global mining and gemstone sectors.
Crackdown on Illegal Mining
President Hichilema also took the opportunity to warn against illegal mining, which he described as a threat to national development and investor confidence. He stressed that his administration will no longer tolerate unregulated mining operations, whether by locals or foreigners.
“We cannot allow individuals or groups to steal what belongs to the Zambian people. All mining must follow the law. Illegal mining will be met with the full force of the law,” the president said.
He assured investors that the government will ensure a safe, regulated, and attractive environment for both local and foreign investors in the mining sector.
Vast Untapped Mineral Wealth
Highlighting the results of new geological mapping across Zambia, President Hichilema noted that the country is endowed with significant mineral resources, beyond just emeralds.
“The mapping has revealed the existence of untapped reserves of gemstones and other minerals. We are well-positioned to become a global powerhouse not just in emeralds but in a range of precious and industrial minerals,” he said.
He urged investors attending the conference to consider Zambia’s vast opportunities, especially in mining, processing, and value-added industries.
Kagem’s Impact and Global Reach
Kagem Mine has been pivotal in Zambia’s rise in emerald production. Operated by London-based Gemfields, the mine has conducted record-breaking emerald auctions, contributing significantly to Zambia’s foreign exchange earnings.
In recent years, Kagem has also invested in community development, education, and local infrastructure, aligning with Zambia’s broader goal of inclusive and sustainable mineral exploitation.
The president emphasized the need for all mining firms to commit to local development, saying, “It’s not enough to mine and export. You must also build schools, hospitals, and improve lives.”
A New Global Position for Zambia
Zambia’s elevation as the top emerald exporter marks a turning point in the global gemstone market, historically dominated by Colombia. The shift also reflects a broader trend of African countries increasing their share of global mineral exports, especially as international companies seek alternative sourcing options and more ethical production routes.
Industry observers say Zambia’s new position will likely boost investor confidence, enhance government revenues, and improve the nation’s standing in global trade discussions.
President Hichilema concluded his remarks by inviting global partners to “come and invest in Zambia,” reiterating his administration’s open-door policy for credible investors.
