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Zimbabwe Eyes Overseas Rough Tenders
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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...
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Mining
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Dec 02, 2019
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Rapaport News
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Zimbabwe to Take Smaller Cut of Diamond Sales
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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...
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Mining
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Nov 18, 2019
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Rapaport News
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Global Diamond Production Value Rises
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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...
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Mining
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Jul 07, 2019
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Rapaport News
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Botswana Denies Zimbabwe Loan Report
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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...
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Rough Markets
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Mar 03, 2019
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Rapaport News
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Vast to Mine Zimbabwe’s Marange Fields
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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...
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Mining
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Feb 17, 2019
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Rapaport News
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Zimbabwe Plans Production Hike in 2019
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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...
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Mining
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Feb 11, 2019
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Leah Meirovich
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Alrosa to Restart Zimbabwe Operations
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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...
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Mining
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Jan 15, 2019
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Rapaport News
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Zimbabwe Ventures into Higher-Value Mining
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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...
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Mining
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Dec 24, 2018
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Rapaport News
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Marange Critical to Zimbabwe Reforms, Says NGO
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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...
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Mining
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Dec 09, 2018
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Rapaport News
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The Diamond Trade’s Provenance Challenge
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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...
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Polished Markets
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Oct 31, 2018
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Avi Krawitz
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Zimbabwe Output Soars in First Half
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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...
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Mining
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Jul 22, 2018
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Rapaport News
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Zimbabwe Forecasts Surge in Diamond Output
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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...
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Mining
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Jun 05, 2018
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Rapaport News
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Zimbabwe Looks to Reform Marange Sales
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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...
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Mining
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Apr 10, 2018
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Joshua Freedman
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Zimbabwe to Hold First Diamond Sale in a Year
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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,...
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Mining
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Feb 25, 2018
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Rapaport News
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Marange Subject to Zimbabwe’s Indigenization Law
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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...
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Mining
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Dec 13, 2017
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Rapaport News
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Antwerp Refutes Global Witness’s Zimbabwe Claims
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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,...
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Rough Markets
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Sep 14, 2017
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Rapaport News
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Bin Sulayem Seeks Mugabe's Views on KP
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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...
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Financial-Legal
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Sep 29, 2016
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Rapaport News
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Mining
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Mar 07, 2016
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Rapaport News
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Mbada Diamonds Allowed to Reclaim Marange Assets
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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...
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Rough Markets
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Mar 03, 2016
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Rapaport News
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Miner Plans to Sue Zimbabwe over Marange Ban
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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...
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Mining
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Feb 25, 2016
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Rapaport News
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