22 January 2017
   
New Zimbabwe Header
Grand coalition only way to oust Mugabe
Zanu PF trounces Mujuru in Bikita West
Ncube’s MDC says committed to coalition
Cricket series: Rape accused Indians freed
Scores duped, sold stands on army land
Hunger fears as heavy rains destroy cops
No country will deal with infirm 93-yr-old
Gambia leader to set up truth commission
MORE NEWS
Zim mobile networks plot WhatsApp ban
CFI says revenue down 56 percent
MORE BUSINESS
Book details the late Welshman Mabhena's life
Reggae song blasts Mangudya, bond notes
MORE SHOWBIZ
SA side turns down Zimbabewan striker
Afcon: Pasuwa expects more of Khama Billiat
MORE SPORTS
Another season of blood, spin and lies
The true meaning of patriotism in Zim
MORE OPINION
 
Mugabe death cleric defeats own cause
Mashizha: A new world reportage by Africans
MORE COLUMNISTS
 
 
Zim to polish, cut own diamonds
01/09/2010 00:00:00
by AFP
 
Giant step ... Zimbabwe to cut, polish own diamonds
 
RELATED STORIES
Marange villagers still wait for compensation
De Beers’ Marange ‘looting’ files missing
De Beers maintain Marange denial
NGOs step-up anti-Marange fight
Israeli diamond smuggler expelled
Israelis held over diamonds
Zim blasts 'jealous howling' over Marange
Europeans keen on Zim diamonds
Zim boycotts new KP talks
Africa diamond producers blast KP
Kurotwi freed on technicality
Diamond execs deny fraud
Chiadzwa swindle 6 in court
Zim defiant after KP stalemate
KP maintains Zim diamond embargo
6 held over $2bn Marange fraud
AAG says KP future at stake
Australia, US pose KP roadblock
Diamond exports to resume: Mpofu
AAG joins Marange fray in Israel
'Nasty fight' expected over Marange
Mpofu claims new diamond discoveries
Miners to sell 10pc diamonds locally
Second diamond auction held
Diamond sales secrecy declared
Court strips ACR of Marange claim
Zim eyes $2bn annual diamond windfall
Indian buyers bought 83pc auction diamonds
Mpofu dismisses US group's Marange ban
Diamond auction raised $72 million
Diamond geezers arrive for auction

A DIAMOND firm operating from Zimbabwe's Marange diamond fields has begun constructing a multi-million dollar cutting and polishing centre in the country, officials said Tuesday.

The Zimbabwe Diamond Technology Centre, which is being constructed by Canadile miners, one of the three firms operating in Marange, is set to become operational within six months.

Faber Chidarikire, governor for Mashonaland West province said the diamond industry was set to revive the country's economic woes.

"The ailing country's economy shall be revived through the proceeds, marketing rates, making life easy for the minister of finance (Tendai Biti)," Chidarikire said.

Early this month, Zimbabwe resumed trading of Marange diamond sales since international regulators partially lifted a ban imposed after the military seized control of the mines.

The sale generated about 30 million US dollars, according to government figures.
 
Upon completion, the centre is expected to create 7,000 jobs.

Cougan Matanhire, chairman of Canadile miners said the centre would funnel all the rough diamond streams of Zimbabwe into one professional and high security area.

"This is the centre where we will transform rough diamonds into polished diamonds," Matanhire told delegates who attended the launch.

A Belgian, diamond expert, Filip Van Laere said Marange fields could produce 40 million carats annually.
 
Once fully completed, the 20 million US dollar centre will have among other things banks, a diamond college and insurance firms.

In January, diamond watchdog Kimberley Process halted the sale of stones from Zimbabwe's eastern Marange diamond fields after documenting military abuses against civilians.

The Zimbabwean government reacted by imposing a blanket ban on the export of diamonds until the Kimberley Process gave its Marange diamonds a clean bill of health.



Advertisement


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

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark
 
 
 
comments powered by Disqus
 
RSS NewsTicker