African miner digs up 442-carat diamond
African miner Gem Diamonds said it has unearthed a 442-carat diamond at its Letseng mine in Lesotho. Bloomberg 23 August 2020 A small diamond miner that has dug up some of the world’s most valuable gems from a mountainous African kingdom has found another huge stone. Gem Diamonds said it unearthed a 442-carat diamond at […]
Zim targets 12m carats in 5 years
21 August 2020 Zimbabwe is targeting to grow diamond production from 3,5 million to 12 million carats by 2025, Minister of Mines and Mining Development Winston Chitando has said. Before Zimbabwe attains such lofty output it has to achieve an ambitious but achievable target of growing the diamond sector to a US$1 billion industry. […]
How COVID 19 has disrupted the diamond industry
13 August 2020 In the months of December 2019 and early January 2020, the diamond industry was experiencing a rise in the demand for diamonds and jewelry. This was until the COVID 19 pandemic struck affecting China which accounts for 15% of the global diamond market. The lockdown in China not only meant […]
Diamond giant pours US$38m into Chiadzwa
President Mnangagwa cuts the ribbon to mark the launch of Anjin Mining Company’s official resumption of work in Chiadzwa. He is flanked by Vice President Constantino Chiwenga (second from right), Defence and War Veterans Affairs Minister Oppah Muchinguri-Kashiri (right), Anjin board chairman Mr Jiang Qingde (second from left) and Minister of Finance Mthuli Ncube (left). […]