By BUUMBA CHIMBULUZAMBIA’S emerald sector is desperate to find ways of conducting auction sales which provide liquidity for continued business operations.The sector is currently unable to conduct auction sales because of travel bans which had been put in place by some countries due to the outbreak of Covid-19, says the Emeralds and Semi-Precious Stones Mining Association of Zambia (ESMAZ).ESMAZ president, Victor Kalesha, said in an interview that the sector players depended on profit from auction sales for sustained operations.“As it is now that there are limitations on movements and some borders are closed and also the cancellation of people coming in from India because of covid-19, our members are unable to auction their emeralds, and if they cannot auction, it means that they cannot mine because we depend mostly on auctioning,” he said.Mr Kalesha said sector players were not making any money because of lack of customers to buy the stones.He explained that the players […]
Covid-19 curtails emerald auction sales
