Diamond sector viability under threat

The latest official production guidance rules out chances of the sector meeting the government's ambitious 2025 production target of 12 million carats set in 2020.

ZIMBABWE’S diamond industry faces a “murky” future and outlook due to a number of operational challenges, including a depressed international market, statutory obligations and the emergence of synthetic diamonds, which could affect its performance.This comes as one of the world’s largest gem producers, Botswana, has renegotiated its Debswana joint venture agreement with De Beers and…

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