Cash lifeline for ZCDC
STATE-OWNED diamond miner, Zimbabwe Consolidated Diamond Company (ZCDC), is cautiously optimistic about its future after a recent successful sale injected much-needed cash flow to sustain operations.The company has endured a difficult six months, grappling with depressed diamond prices, shifting consumer preferences, and the growing popularity of lab-grown diamonds—pressures compounded by ongoing geopolitical tensions in the […]
ZCDC adapts to changing diamond market, targets growth
Story by ZBC Reporter STATE-OWNED miner Zimbabwe Consolidated Diamond Company (ZCDC) is demonstrating resilience and strategic adaptability despite a challenging global diamond market, positioning itself for recovery and long-term growth. The past six months have seen subdued international diamond prices and geopolitical tensions, particularly in the Middle East, weigh on the sector. The growing presence of […]
ZCDCWeathers Storm as Diamond Sector Faces Headwinds
State-owned diamond miner, Zimbabwe Consolidated Diamond Company (ZCDC), has weathered the storm after experiencing a turbulent trading environment for the last six months, marked by depressed diamond prices and, most recently, geopolitical tensions in the Middle East. The influx of lab-grown diamonds has affected demand for natural diamonds, leading to softening prices of the precious […]
Zim Diamonds Charm Dubai Exchange Boss
Dubai Multi Commodities Centre (DMCC) executive chairperson Sultan Ahmed Bin Sulayem has praised the quality of diamonds mined in Zimbabwe and the wider region following the shipment of more than 500 000 carats from the Zimbabwe Consolidated Diamond Company (ZCDC).ZCDC, an entity under the Mutapa Investment Fund, recently engaged Dubai-based Trans-Atlantic Gem Sales (TAGS) as […]