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Diamonds from Zimbabwe came to Europe

Staff writer ▼ | December 13, 2013
Zimbabwean diamonds came to the Antwerp World Diamond Center (AWDC) in Belgium nearly three months after the European Union lifted sanctions against the state-owned Zimbabwe Mining Development Corporation.
Zimbabwe diamonds
Zimbabwe diamondsZimbabwean diamonds came to the Antwerp World Diamond Center (AWDC) in Belgium nearly three months after the European Union lifted sanctions against the state-owned Zimbabwe Mining Development Corporation.


AWDC said in a statement that about 300,000 carats of diamonds from Zimbabwe will be traded up to December16, 2013. "Following the lifting of the EU sanctions against ZMDC in September of this year, Marange diamonds can now be traded in Antwerp. This opening of the market should have a highly significant and positive impact on the necessary market transparency."

The world diamond trading body said it was convinced a combination of solid transparency, accountability and potentially increased mining revenues would contribute to a sustainable social and economic development of Zimbabwe. Reports have said Zimbabwe could earn about 400 million annually from selling diamonds in Antwerp.

This diamond sale in Europe will be the first for Zimbabwe since it started commercial mining of the Marange diamonds in 2009. Seven companies are mining the gems, most in partnership with the ZMDC.

Antwerp said the Zimbabwean gems auctioned will be from Marange Resources which is wholly owned by the Zimbabwe government, Diamond Mining Company, Anjin Investments, Jin'an and Kusena Diamonds.


 

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