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Zimbabwe Eyes Overseas Rough Tenders
Zimbabwe’s state-owned diamond miner is planning tendersoutside the country in an effort to attract more buyers, Bloomberg reportedThursday. The Zimbabwe Consolidated Diamond Company (ZCDC) intends tohold 11 international sales in 2020, the news agency cited the...
Mining Dec 02, 2019 Rapaport News
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
Rough diamonds
Global Diamond Production Value Rises
Global rough-diamond output grew 2% to $14.47 billion lastyear, reflecting higher production in Botswana, according to data the KimberleyProcess (KP) released last week.The average price increased 4% to $97 per carat, outweighinga 2% decline in production volume to 148.4...
Mining Jul 07, 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
Vast to Mine Zimbabwe’s Marange Fields
Vast Resources has been invited to mine at the Marangediamond fields in Zimbabwe as part of a joint venture. The UK-headquartered miner will collaborate with theChiadzwa Community Development Trust, which was granted the right to mine theHeritage...
Mining Feb 17, 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
Alrosa to Launch Zimbabwe Operations
Alrosa to Restart Zimbabwe Operations
Alrosa will resume diamond-mining operations in Zimbabwe after a two-year break from the country. The Russian miner announced it would partner with the African country to develop joint exploration and extraction projects. The announcement...
Mining Jan 15, 2019 Rapaport News
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
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
Zimbabwe to Resume Diamond Sales 150
Zimbabwe to Hold First Diamond Sale in a Year
Zimbabwe Consolidated Diamond Company (ZCDC) will auction 1.56 million carats of diamonds over the next two months, its firstsales in a year, Reuters reported Thursday. The state-owned miner last held a sale in March 2017,...
Mining Feb 25, 2018 Rapaport News
Marange Fields 150
Marange Subject to Zimbabwe’s Indigenization Law
The diamond industry will be one of only two sectors towhich Zimbabwe’s “indigenization” law will still apply after a scaling-back of thelaw on black ownership. The government will restrict the Indigenisation and EconomicEmpowerment law, which...
Mining Dec 13, 2017 Rapaport News
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
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