Published: 11 February 2014

Zimbabwe loses at least $14 billion in potential revenue every year when it exports diamonds in their raw form, parliamentarians heard yesterday.

Zimbabwe Diamonds Technology Centre (ZDTC) chairperson, Lovemore Kurotwi and Diamond Beneficiation Association of Zimbabwe chairperson, Richard Mvududu made the remarks when members of the parliamentary portfolio committee on Mines and Energy toured ZDTC in Mt Hampden.

The portfolio committee chaired by Gutu Central legislator, Lovemore Matuke (Zanu-PF) immediately made a commitment to push for beneficiation of the precious gems that would see the country benefit.

Kurotwi said a research by Bain and Company found that the world diamond industry generated about $71 billion every year in finished products while $47 billion was realised from cut and polished diamonds.
- herald

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