17 January 2018
Family tragedy as 3 infants burn to death
ED takes over Bob's globe-trotting too?
$150m waste: Vic Falls airport shocker
Grace, Bob sanctions review in February
Africa handled Mugabe ouster: Namibia Pres
SA: Student fails; kills Zim teacher
Zim family still at Thailand airport
Mnangagwa off to Zambia Friday
SMM saga: Letter to RBZ chairperson
Minister sells post-Bob Zimbabwe in Spain
Racism: Malema party storms H&M stores
Donel Mangena rocks The Voice UK
Mourinho says 'relaxed' about Sanchez
Bangladesh easily beat Zimbabwe
'Shit-hole': Just Take moral high ground
ZHUWAO BRIEF: ED-iots and election delay
Trump rage ignores truth: A response
ED govt legitimacy & the church’s role
Manicaland diamond centre on the cards
04/06/2014 00:00:00
by The Source
We are already planning it ... Walter Chidhakwa
Zanu PF mafia looting diamonds: Gonese
Marange gem miner in ‘survival mode’
Marange probe: Why we must be careful
Bob fooled over $50m Marange pledge
Stop Belgium gem sells: Mbada boss
Chinamasa seeks Marange accountability
Latest Antwerp gem auction raises $70m
Mugabe hints at Botswana gem model
Govt slashes fees for diamond polishers
Government plans diamond exchange
Marange diamonds lose global shine
28 gem cutting firms close shop
Govt clears out bosses at diamond firms
Gems running out? Not quite, says Mbada

GOVERNMENT will construct a diamond cutting and polishing centre in Manicaland after lobbying by the local industry, mines minister Walter Chidhakwa has said.

Zimbabwe already has plans to set up a “diamond zone” in Borrowdale which would house a local diamond auction house while cleaning, sorting, cutting and polishing would also be done within the zone.

Chidhakwa said a similar structure, on a smaller scale, would be built in Manicaland.

“There is no doubting the need to have a cutting and polishing centre in Manicaland. We are already planning it,” he told The Source this week.

Zimbabwe wants to hold diamond auctions locally, after the much-heralded Dubai diamond auctions did not go as planned, with the broker reportedly holding onto proceeds from the diamond sales.

Local miners eventually received all the funds.

The country auctioned nearly 400,000 carats worth $30 million at the Dubai Diamond Exchange (DDE) in March and has held two other auctions in Antwerp, Belgium.

“What we wanted to do is to sort out a standard structure that enables us to start trading our diamonds locally.

“We cannot stop construction for the facility in the capital but can have another one in that region (Manicaland),” said Chidhakwa.


Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it






Face Book



comments powered by Disqus
RSS NewsTicker