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Rough fancy intense yellow diamond for Princess Cu
Zimbabwe to Take Smaller Cut of Diamond Sales
Zimbabwe plans to reduce the percentage of sales diamond miners must pay to the state, aiming to encourage companies to invest in the Marange fields.The government proposed a new royalty rate of 10% in theannual budget last week. Diamond...
Mining Nov 18, 2019 Rapaport News
Marange Fields
US Bans Import of Zimbabwe Diamonds
US Customs and Border Protection (CBP) has blocked theimport of rough diamonds mined from the Marange fields in Zimbabwe, claimingthey were produced using forced labor. “CBP is firmly committed to identifying and preventingproducts made with...
Mining Oct 03, 2019 Rapaport News
Alrosa rough diamonds 150
Alrosa Partners with Zimbabwe Mining Company
Alrosa has agreed to a joint venture with nationalminer Zimbabwe Consolidated Diamond Company (ZCDC) for exploring new diamondprojects in the country. The deal, which provides Alrosa with a 70% stake in any newgreenfield deposits, encompasses...
Mining Jul 17, 2019 Rapaport News
Botswana Zimbabwe
Botswana Denies Zimbabwe Loan Report
The president of Botswana has repudiated claims that thecountry planned to loan Zimbabwe $600 million to support its diamond industry and private sector. Last week, Zimbabwe’s media quoted its secretary of foreign affairs and...
Rough Markets Mar 03, 2019 Rapaport News
Marange DMS Plant
Zimbabwe Plans Production Hike in 2019
Zimbabwe Consolidated Diamond Company (ZCDC) expects a 46% jumpin its rough-diamond production in 2019. The nation’s rough-diamond output will reach 4.1 millioncarats this year, up from 2.8 million last year, the miner told...
Mining Feb 11, 2019 Leah Meirovich
Marange Diamond Fields
Zimbabwe Ventures into Higher-Value Mining
The Zimbabwe government has installed a crushing plant atits Marange diamond deposit as it aims to shift from alluvial operations tohigher-value mining. The Zimbabwe Consolidated Diamond Company (ZCDC) hopes toincrease annual output to 10 million carats...
Mining Dec 24, 2018 Rapaport News
Marange diamond fields
Marange Critical to Zimbabwe Reforms, Says NGO
Global Witness is calling for improved transparency in Zimbabwe’s diamond sector, pitching it as a test case for the new president’s economic reforms.“The new government’s handling of the Marange diamond industry will be a clear indication of whether its...
Mining Dec 09, 2018 Rapaport News
T Mark
The Diamond Trade’s Provenance Challenge
Several traceability programs have launched in the past two years, marking a shift in the way the diamond and jewelry trade operates. The question of whether a diamond could be traced throughout the distribution chain initially...
Polished Markets Oct 31, 2018 Avi Krawitz
Marange mine
Vast Resources Explores Potential Marange Asset
Mining company Vast Resources gained access to a section of Zimbabwe’s Marange fields with a view to developing joint operations there with a local community group.The miner reached an agreement with Red Mercury, a subsidiary of the Marange-Zimunya Community...
Mining Aug 26, 2018 Rapaport News
Marange
Zimbabwe Output Soars in First Half
Zimbabwe’s state diamond producer recorded a 44% increase inoutput in the first half of 2018 following investments in mining and processingcapacity. The Zimbabwe Consolidated Diamond Company (ZCDC) recovered1.6 million carats in the six months ending...
Mining Jul 22, 2018 Rapaport News
Zimbabwe 150
Zimbabwe Forecasts Surge in Diamond Output
Zimbabwe’s rough-diamond production will more than triple to11 million carats in 2025, according to the nation’s state-owned miningoperation. Output will grow at an average of 21% per year from 3million carats in 2018, a spokesperson for the...
Mining Jun 05, 2018 Rapaport News
Zimbabwe 150
Zimbabwe Looks to Reform Marange Sales
Zimbabwe’s state diamond company is planning to introducecontract sales as part of a strategy to revive operations and bring greatertransparency at the controversial Marange fields. The Zimbabwe Consolidated Diamond Company (ZCDC) resumedits tender sales in the first quarter...
Mining Apr 10, 2018 Joshua Freedman
Marange mine
Antwerp Refutes Global Witness’s Zimbabwe Claims
Belgium’s diamond industry has refuted allegations bynon-profit organization Global Witness that illicit goods from Zimbabwe havebeen traded in Antwerp.Dealers in Antwerp bought and sold diamonds from Zimbabwethat may have funded human-rights violations,...
Rough Markets Sep 14, 2017 Rapaport News
Robert Mugabe
Bin Sulayem Seeks Mugabe's Views on KP
The chair of the Kimberley Process (KP) Ahmed Bin Sulayemmet Robert Mugabe to understand the Zimbabwe president’s views on the organizationand the country’s future in the diamond industry.Bin Sulayem’s visit to Zimbabwe was part of a tour...
Financial-Legal Sep 29, 2016 Rapaport News
Robert Mugabe
Mugabe: Diamond Companies ‘Robbed’ Zimbabwe of its Wealth
Zimbabwe’s President Robert Mugabe said illicit trade inthe nation’s diamonds has cost its economy more than $13 billion as companieshave “robbed” the country of its wealth, Bloomberg reported.This forced the state tocreate...
Mining Mar 07, 2016 Rapaport News
Marange Rough
Mbada Diamonds Allowed to Reclaim Marange Assets
One of the diamond miners told by the Zimbabwean government to cease operations at the nation’s Marange fields has been allowed to return and take control of its assets after challenging the minister’s decision.The country’s administration...
Rough Markets Mar 03, 2016 Rapaport News
Zimbabwe Flag
Miner Plans to Sue Zimbabwe over Marange Ban
The Diamond Mining Company (DMC), one of the companies orderedto stop operations in Zimbabwe’s Marange fields by the government,plans to sue the nation’s administration for alleged breach of contract,Reuters reported.Mines andMining Development Minister Walter Chidakwa...
Mining Feb 25, 2016 Rapaport News
Marange DMS Plant
Zimbabwe to Consolidate Marange Miners by the End of 2015
The seven diamond mining companies operating in Zimababwe's Marange diamond fields will be consolidated into a single government-owned entity by the end of the year, the country's mining minister told New Zimbabwe on Monday.The seven companies...
Mining Jul 29, 2015 Rapaport News
zim sm
Zimbabwe to Collect Diamond Revenue at Point of Sale
Zimbabwe's Mines and Mining Development Minister, Walter Chidhakwa, told a parliamentary portfolio committee that the government will now collect its share of diamond revenue at the point of sale rather than wait for its...
Mining Aug 06, 2014 Jeff Miller
zim sm
Mining Firms Ignore Traditional Life, Violate Rights of Villagers
The President of the Chiefs' Council, Chief Fortune Charumbira of Zimbabwe, told a mining indaba hosted by Zimbabwe Environmental Law Association this past week that Chiadzwa's diamond troubles are deepening as companies continue to ignore traditional...
Rough Markets Jun 23, 2014 Jeff Miller
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