Accessibility links

Breaking News

Executives of Top Brussels Diamond Group Visit Zimbabwe

Top executives of the Antwerp World Diamond Council are in Harare mapping out ways of marketing Marange diamonds following the lifting of sanctions imposed by the west on the Zimbabwe Mining Development Corporation (ZMDC).

According to the ZIMDC, the officials are expected to engage government officials and other stakeholders before leaving on Sunday.

They are set to come up with practical ways of resuming diamond trade with Zimbabwe through finding out viable export processes.

Antwerp, the world’s leading diamond trading center based in Brussels, Belgium, has not been marketing Marange diamonds due to sanctions imposed by the west on President Robert Mugabe and his inner circle

The state-owned ZMDC has shares in five diamond mining companies in Marange, whose operations have all been certified by the Kimberley Process Certification Scheme.

The joint-venture mines in the Marange diamond fields produced a combined eight million carats of the gems last year and generated $685 million in exports.

Of the $684 million, Mbada Diamonds contributed US$308 million, followed by Anjin Investment of China with $209,9 million. Diamond Mining Corporation contributed over $101 million and Marange Resources $236,317.