By Ross Moyo
Zimbabwe is targeting 10million to 20million carats of diamond production next year after ramping up diamond production which has seen countries importing and accessing Large princess cut diamonds made in the country and other types, which produced almost 5million carats valued at over usd 303 million united states dollars.
According to Kimberley Process data, ”Zimbabwe the world’s seventh biggest diamond producing nation, recorded an output of 4.9m carats, valued at $303m.”
ZCDC board chairman, Munashe Shava, said: “Commodity prices are depressed on the global market and we have come up with various initiatives to offset this worrisome development.
The ZCDC boss was quoted saying, “We have ramped up production and this year we have set a target of 5.7m carats and we see this target nearly doubling to 20m carats in the coming year.”
Zimbabwe, the world’s seventh biggest diamond producing nation, recorded an output of 4.9m carats, according to Kimberley Process data, valued at $303m. It exported 5.6m carats valued at $297m.
Comments