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