BUSINESS NEWS

Zimbabwe's diamond sector gets boost

Zimbabwe's diamond cutting and polishing sub-sector is set for a major boost following a landmark partnership with Indian diamond processing giant, Harry Krishna Exports.The cooperation agreement, ann...

By Staff reporter | Published: 25 August 2025

MINING & RETAIL

Zimbabwe's diamond wealth enriches elites

For decades, diamonds have been celebrated as symbols of wealth and transformation — precious stones capable of reshaping entire nations. But in Zimbabwe's diamond-rich fields, the reality for local...

By Staff reporter | Published: 24 August 2025

MINING & RETAIL

Lab-grown diamonds causing havoc

South Africa's cabinet has approved participation in an international effort to boost the marketing of real diamonds, responding to the increasing appeal of lab-grown gems and funded by a 1 percent le...

By Staff reporter | Published: 11 August 2025

AFRICA NEWS

Failed state warning for South Africa

Business Leadership South Africa (BLSA) chief executive Busi Mavuso says that businesses cannot function properly in a failed state, but partnering with the government to fix its failures comes at a s...

By Staff reporter | Published: 11 August 2025

TRADE & INDUSTRY

Mutapa blocks ZCDC diamond sale

Zimbabwe's state-owned diamond miner, the Zimbabwe Consolidated Diamond Company (ZCDC), has been plunged into a deeper financial crisis after its sole shareholder, the Mutapa Investment Fund (MIF), ve...

By Staff reporter | Published: 08 August 2025

LANDS & AGRICULTURE

Vast discovers extra diamonds in long-disputed Zimbabwe parcel

AIM-listed miner Vast Resources has announced the discovery of more diamonds than originally anticipated in a long-contested parcel that was held by the Reserve Bank of Zimbabwe (RBZ) since 2010, mark...

By Staff reporter | Published: 09 May 2025

MINING & RETAIL

ALROSA to double investment in Zimbabwe's diamond sector

ALROSA, the world's largest diamond producer by output, has announced plans to double its initial investment in its joint venture with the Zimbabwe Consolidated Diamond Company (ZCDC), in a move that ...

By Staff reporter | Published: 24 April 2025

BUSINESS NEWS

'US ban hurts Marange diamonds'

The Zimbabwe Consolidated Diamond Company (ZCDC) yesterday said the decision by the United States to issue a withhold release order (WRO) for artisanal rough cut diamonds from Marange was impacting ne...

By Staff reporter | Published: 07 November 2019

MINING & RETAIL

Zimbabwe to auction 500 000 carats

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says it will conduct another diamond auction before the end of the year targeting to sell between 400 000 and 500 000 carats. A fortnight ago, MMC...

By Staff reporter | Published: 27 September 2019

MINING & RETAIL

Zimbabwe diamond workers want salaries in US$

THE Zimbabwe Diamond and Allied Minerals Workers' Union (Zdamwu) says workers in the mining sector should be paid in United States dollars since the sector is one of the top foreign currency earners i...

By Staff reporter | Published: 11 June 2019

MINING & RETAIL

Murowa begins diamond exploration in Chivi

MUROWA Diamonds has started exploration for gems in Sese communal lands in Chivi in Masvingo province where the firm has nearly 200 claims. Murowa mines diamonds in Zvishavane in the Midlands but has ...

By Staff reporter | Published: 29 April 2019

MINING & RETAIL

Murowa starts diamond exploration in Chivi

One of the four companies licenced to mine diamonds in Zimbabwe, Murowa Diamonds, has started exploration for gems in Sese communal lands in Chivi, where the firm has nearly 200 claims for the mineral...

By Staff reporter | Published: 26 April 2019

MINING & RETAIL

CCTV sells out diamond-thieving guard

A SECURITY guard at the Zimbabwe Consolidated Diamond Company (ZCDC) premises was arrested for stealing five pieces of the precious stone after he was sold out by the closed circuit television (CCTV)....

By Staff reporter | Published: 25 April 2019

MINING & RETAIL

Wrangle over Zimbabwe diamond mine continues

THE stalemate over the pricing of River Ranch Mine, situated in the border town of Beitbridge, continues unabated as the owners, Rani Investments, and potential buyers, the Zimbabwe Consolidated Diamo...

By Staff reporter | Published: 12 February 2019

MINING & RETAIL

ZCDC to extract Chihota diamonds

The Zimbabwe Consolidated Diamond Company (ZCDC), has moved a gear up towards establishing diamonds extraction operations in Chihota communal lands in Marondera District, with the firm having engaged ...

By Staff reporter | Published: 29 January 2019

MINING & RETAIL

Mnangagwa commissions diamond mining plant

President Mnangagwa yesterday commissioned a Zimbabwe Consolidated Diamond Company (ZCDC) crushing plant here, marking the country's transition from alluvial to conglomerate diamond mining as he warne...

By Staff reporter | Published: 21 December 2018

MINING & RETAIL

No change for Zimbabwe platinum, diamond ownership rules

Zimbabwe does not plan to change its ownership rules for diamonds and platinum, Mines and Mining Development Minister, Winston Chitando, said on Monday. Although some miners are hoping the country wil...

By Reuters | Published: 30 November 2018

MINING & RETAIL

African govts fight 'conflict diamonds' resolution

AFRICAN governments led by South Africa are fighting tooth and nail to stop the passing of a resolution by the Kimberly Process to expand the definition of "conflict diamonds", it has been learnt.Civi...

By Staff reporter | Published: 15 November 2018

MINING & RETAIL

Zimbabwe courts diamond buyers in Belgium

Mines and Mining Development Minister Winston Chitando, who is leading a Zimbabwean delegation attending the Kimberly Process meetings in Belgium, yesterday visited Antwerp World Diamond Centre to cou...

By Staff reporter | Published: 15 November 2018

MINING & RETAIL

Govt to improve diamond sector governance

MINES minister Winston Chitando says the national diamond policy, which is expected to improve the governance of the sector, is now "imminent".The policy will be launched by President Emmerson Mnangag...

By Staff reporter | Published: 21 September 2018

FINANCIAL SERVICES

NicozDimond, Tristar merger commences

The directors of Tristar Insurance Company Limited (Tristar), a short-term insurance unit of First Mutual Holdings Limited (FML), have passed a resolution to seek the approval of the Minister of Finan...

By Staff reporter | Published: 21 September 2018

MINING & RETAIL

River Ranch Mine remains idle

River Ranch, a diamond rich mine in Beitbridge, sits quietly with no sign of life on the edges of Limpopo.Its solitude however gives a loud cry for urgent attention.The story of the mine is that of go...

By Staff reporter | Published: 10 September 2018

MINING & RETAIL

Zimbabwe resumes diamond auction

Zimbabwe resumed diamond auction last week, but attracted fewer international buyers than expected, the Minerals and Marketing Corporation of Zimbabwe said. The auction - the third to be conducted thi...

By Staff reporter | Published: 10 September 2018

MINING & RETAIL

Diamond production up 44%

STATE owned diamond mining entity, the Zimbabwe Consolidated Diamond Company (ZCDC), has recorded a 44 percent increase in production after it hauled just over 1, 5 million carats of the precious ston...

By Staff reporter | Published: 08 July 2018

MINING & RETAIL

Chinese firm loses Zim diamonds court battle

Chinese firm Anjin Investments (Private) Limited (Anjin) has lost a Constitutional Court application in which it sought the nullification of a 2016 government directive expelling it from the diamond-r...

By Staff reporter | Published: 30 June 2018
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