trending Market Intelligence /marketintelligence/en/news-insights/trending/aoxo0zxc4v-0dziicxifdg2 content esgSubNav
In This List

Zimbabwe restarts diamond sales after 1-year hiatus

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Zimbabwe restarts diamond sales after 1-year hiatus

Zimbabwe resumed diamond sales after a one-year hiatus, recently concluding a test sale that raised US$829,067, Xinhua News Agency reported Feb. 23, citing Mines Minister Winston Chitando.

Chitando did not disclose the number of diamonds sold during the test but said about 1.6 million carats of diamonds stockpiled from March to December 2017 will be auctioned by state-owned Zimbabwe Consolidated Diamond Company, or ZCDC, in March and April this year.

ZCDC suspended diamond sales in March 2017 to restructure certain business processes but is now expected to hold regular diamond auctions through the year. Chitando said the March sale will run March 5-16 and ZCDC is working with the Minerals Marketing Corp. of Zimbabwe on a sales calendar.