Diamond production surges 22 percent

The rise of synthetic diamonds, weaker consumer demand, geopolitical complications and shifting pricing dynamics have altered the economics of natural diamond mining.

ZIMBABWE’S diamond production surged by 22,2 percent in the second quarter of 2024, reaching 1,47 million carats, compared to 1,2 million carats in the same period last year, according to the latest data. This increase aligns with Zimbabwe’s recent upward trend in diamond output, bolstered by reserves estimated at over 800 million carats. Production during…

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