Published: 28 January 2014

Zimbabwe will account for over a quarter of the world diamond output in the next decade following the success of its first auction, the leading hub for rough diamond trade said on Monday.

Zimbabwe held its first ever diamond auction in Belgium last month, earning $10.7 million, of which 15 percent went to the government as royalties.

Antwerp World Diamond Centre said it planned to intensify trade relations with Zimbabwe, and expects more and better quality gems for a second auction planned for February as part of a long-term strategy to maintain its position as a leading diamond market.

A second, larger tender including goods of higher quality is scheduled to take place in February.
- Antwerp

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