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 lab-grown diamonds has also softened demand for natural stones, with global prices averaging US$25.15 per carat in 2024, down from US$28.84 in 2023.However, industry-wide challenges have also created opportunities, with reduced global supply following mine closures and scaled-down operations by major producers potentially setting the stage for a price rebound in the medium term. more on https://www.zbcnews.co.zw/zcdc-adapts-to-changing-diamond-market-targets-growth/.