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Diamond buyers shun Zimbabwe

Top diamond buyers across the world are shunning Zimbabwe due to delays emanating from a fight between the MMCZ and ZCDC for control of the marketing of the country's precious stones.

This has dealt a huge blow to confidence in Zimbabwe's diamond industry, which is yet to be cleaned up.

Meanwhile, the Zimbabwe Consolidated Diamond Company (ZCDC) has extracted 2,4 million carats (almost 0,5 tonne) in the first 10 months to October — and ploughed over $7 million back into the community.

ZCDC chief executive officer Dr Moris Mpofu, told The Herald Business in emailed responses that of the $7 million, the Marange Zimunya Community Share Ownership Trust got $5 million.

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Chuka (Webby) Aniemeka
Chuka (Webby) Aniemeka

Chuka is an experienced certified web developer with an extensive background in computer science and 18+ years in web design &development. His previous experience ranges from redesigning existing website to solving complex technical problems with object-oriented programming. Very experienced with Microsoft SQL Server, PHP and advanced JavaScript. He loves to travel and watch movies.

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