In Zambia, the jewellery market on February 24, 2026, is defined by its status as a premier source for world-class Emeralds. With gold prices reaching historic highs in Zambian Kwacha (ZMW) this month, retail activity in Lusaka is currently centered on high-value gemstone investments and seasonal "Diamond Event" clearances at major malls.
Top Brand & Retailer Offers
Jewel of Africa (Manda Hill, Levy Mall, Radisson Blu)
The most prestigious name in Zambian jewellery, specializing in "mine-to-market" ethically sourced gemstones.
* The Specialty: They are world-renowned for their Zambian Emeralds, cut in-house to maximize color and clarity.
* Selection Spotlight: Current 2026 collections feature Emerald and Diamond "Bats" earrings (~$2,550) and high-end Emerald and Quartz necklaces (~$4,310).
* Bespoke Service: They offer a custom redesign service where they can smelt down your pre-owned jewellery and redesign it into a modern 2026 piece. Custom designs can take anywhere from 2 hours to 20 days depending on complexity.
American Swiss (Manda Hill & East Park Mall)
Following a strong Valentine's season, American Swiss is running a late-February clearance.
* The Deal: Up to 35% OFF jewellery and up to 25% OFF watches (specifically Tempo and silver-plated collections).
* Engagement Special: Look for promotional pricing on diamond solitaire rings, with entry-level silver and diamond sets seeing significant markdowns to clear space for the March autumn collections.
Sterns (Manda Hill Shopping Centre)
Sterns is currently promoting a high-value diamond catalogue valid through March 8, 2026.
* The Deal: Up to 50% OFF selected diamond and bridal jewellery (request specific valid dates and items in-store).
* Focus: They are highlighting high-clarity solitaires and three-stone rings, specifically focusing on the "4 Cs" education for new 2026 investors.
Today's Gold & Diamond Rates in Zambia (February 24, 2026)
Prices have been volatile throughout February, reflecting global economic shifts.
* 24K Gold: ~ZMW 1,489 per gram
* 22K Gold: ~ZMW 1,365 per gram
* 18K Gold: ~ZMW 1,117 per gram
* Diamonds (1 Carat): ~ZMW 13,562 (approx. $716 USD) for a standard commercial grade.
> Market Note: Gold prices have seen a steady climb from ZMW 1,428 at the start of February, making jewellery bought earlier this month an immediate store of value.
>
2026 Style & Gemstone Trends
* The "Zambian Green" Emerald: For 2026, the demand is for "Forest Green" emeralds set in 18K yellow gold. This combination is trending as the ultimate symbol of Zambian luxury.
* Sculptural "Modern Armour": Following global 2026 runways, bold, architectural metal cuffs are the "it" accessory in Lusaka. These thick bands in polished silver or gold are replacing delicate bangles.
* Stone Dials: A niche but growing trend for 2026 is the use of Lapis Lazuli and Green Aventurine not just in jewellery, but as dials in high-end watches (like the new Nivada Grenchen F77 series).
* Mixed Metals: Stacking rose gold with white gold or silver is officially trending. The 2026 "no-rules" era encourages mixing textures and colors in a single stack.
Shopping Tips for Zambia
* Verify Certification: When buying Emeralds or Diamonds, always demand a certificate from the Gemological Institute of Zambia (GIZ) or the GIA. Jewel of Africa provides these for all major pieces.
* Duty-Free for Tourists: If you are an international traveler, shop at the Tax-Free shops in the Departure Lounges of Lusaka or Livingstone International Airports to save the 16% VAT.
* The "Ujra" (Labor Fee): In independent shops, the metal price is fixed to the daily rate, but you can negotiate the labor fee (Verb). A polite haggle on custom-engraved pieces can often save you 10–15%.
* Manda Hill & Levy Mall: These remain the safest and most reliable hubs for luxury shopping where you can compare major retailers side-by-side.
Top Brand & Retailer Offers
Jewel of Africa (Manda Hill, Levy Mall, Radisson Blu)
The most prestigious name in Zambian jewellery, specializing in "mine-to-market" ethically sourced gemstones.
* The Specialty: They are world-renowned for their Zambian Emeralds, cut in-house to maximize color and clarity.
* Selection Spotlight: Current 2026 collections feature Emerald and Diamond "Bats" earrings (~$2,550) and high-end Emerald and Quartz necklaces (~$4,310).
* Bespoke Service: They offer a custom redesign service where they can smelt down your pre-owned jewellery and redesign it into a modern 2026 piece. Custom designs can take anywhere from 2 hours to 20 days depending on complexity.
American Swiss (Manda Hill & East Park Mall)
Following a strong Valentine's season, American Swiss is running a late-February clearance.
* The Deal: Up to 35% OFF jewellery and up to 25% OFF watches (specifically Tempo and silver-plated collections).
* Engagement Special: Look for promotional pricing on diamond solitaire rings, with entry-level silver and diamond sets seeing significant markdowns to clear space for the March autumn collections.
Sterns (Manda Hill Shopping Centre)
Sterns is currently promoting a high-value diamond catalogue valid through March 8, 2026.
* The Deal: Up to 50% OFF selected diamond and bridal jewellery (request specific valid dates and items in-store).
* Focus: They are highlighting high-clarity solitaires and three-stone rings, specifically focusing on the "4 Cs" education for new 2026 investors.
Today's Gold & Diamond Rates in Zambia (February 24, 2026)
Prices have been volatile throughout February, reflecting global economic shifts.
* 24K Gold: ~ZMW 1,489 per gram
* 22K Gold: ~ZMW 1,365 per gram
* 18K Gold: ~ZMW 1,117 per gram
* Diamonds (1 Carat): ~ZMW 13,562 (approx. $716 USD) for a standard commercial grade.
> Market Note: Gold prices have seen a steady climb from ZMW 1,428 at the start of February, making jewellery bought earlier this month an immediate store of value.
>
2026 Style & Gemstone Trends
* The "Zambian Green" Emerald: For 2026, the demand is for "Forest Green" emeralds set in 18K yellow gold. This combination is trending as the ultimate symbol of Zambian luxury.
* Sculptural "Modern Armour": Following global 2026 runways, bold, architectural metal cuffs are the "it" accessory in Lusaka. These thick bands in polished silver or gold are replacing delicate bangles.
* Stone Dials: A niche but growing trend for 2026 is the use of Lapis Lazuli and Green Aventurine not just in jewellery, but as dials in high-end watches (like the new Nivada Grenchen F77 series).
* Mixed Metals: Stacking rose gold with white gold or silver is officially trending. The 2026 "no-rules" era encourages mixing textures and colors in a single stack.
Shopping Tips for Zambia
* Verify Certification: When buying Emeralds or Diamonds, always demand a certificate from the Gemological Institute of Zambia (GIZ) or the GIA. Jewel of Africa provides these for all major pieces.
* Duty-Free for Tourists: If you are an international traveler, shop at the Tax-Free shops in the Departure Lounges of Lusaka or Livingstone International Airports to save the 16% VAT.
* The "Ujra" (Labor Fee): In independent shops, the metal price is fixed to the daily rate, but you can negotiate the labor fee (Verb). A polite haggle on custom-engraved pieces can often save you 10–15%.
* Manda Hill & Levy Mall: These remain the safest and most reliable hubs for luxury shopping where you can compare major retailers side-by-side.
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