Saturday, 11th July 2020

State-owned Zimbabwe Consolidated Diamond Company (ZCDC) is planning international diamond auctions next year to boost sales volumes.
The planned 11 international tenders will also be conducted in Asian cities, according to Bloomberg citing acting chief executive Rob de Pretto.
“All those big companies like De Beers and Alrosa are also doing it, so we must also be there with them,” he said.
“Harare is not a choice with many international buyers. By going to Dubai, Hong Kong, Antwerp and all those places, that is where the international buyers are.”
Diamond tenders are conducted by the Minerals Marketing Corp of Zimbabwe.
MMCZ offered 316 000 carats at its September tender in Harare, which attracted buying interest from Belgium, Dubai, India, Israel and South Africa.
ZCDC lowered its diamond production forecast for 2019 by 24% to 3.1-million carats, expects output to rise to 6.12 million carats next year.

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