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…
Diamond sector viability under threat
The decline in diamond prices will negatively affect profits for mining companies and the implication is that even the dividends that the mining companies declare to the community will be down.