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Analysts Hail Zimbabwe’s Nationalization Of Diamond Production

AFRICANGLOBE - Diamond firms are today expected to respond to an ultimatum by Zimbabwe's Government to merge into a conglomerate in a move economic analysts have said should promote accountability and transparency in their operations.

Zimbabwe To Auction Diamonds Locally

AFRICANGLOBE - Zimbabwe will start auctioning its diamonds locally in November as Government moves to plug leakages and maximise revenue collection.

Rare Blue Diamond Discovered In South Africa

AFRICANGLOBE - A 29.6-carat blue diamond, one of the rarest and most coveted in the world with a possible price tag of tens of millions of dollars, has been discovered at a South African mine by Petra Diamonds. The miner said the "exceptional" acorn-sized diamond, small enough to fit into the palm of a hand, was unearthed at the Cullinan mine near Tshwane.

Zimbabwe’s Marange Diamond Fields To Lead The World In Diamond Production

AFRICANGLOBE - According to Zimbabwe Mining Development Corporation projections, Marange diamond fields are expected to produce 16.9 million carats in 2013, which would make the project the largest in the world in terms of carats produced annually.

Zimbabwean Diamonds Shake the World Market

AFRICANGLOBE - In the past, it was the yellow metal that determined the value of the economy, but today, the diamond industry has shaken the world and sent waves across the global market. Zimbabwe has proved to the world that it is no longer just gold that glitters, but the everlasting diamonds as well.

Stop Interfering in Our Diamonds Zimbabwe Tells the West

Zimbabwe has hailed the Kimberley Process Certification Scheme for shooting down attempts by the United States and its allies to redefine conflict diamonds and...

Botswana’s Financial Center Gains Momentum

A reputation for stability, fiscal incentives and the development of the diamond hub in parallel are already attracting global financial players to implant subsidiaries in Gaborone. Botswana's big idea for diversification of the...

Zimbabwe Govt Set to Acquire Another Mine

RANI Investment, the majority shareholder in Limpopo Mining Resources, a company that owns the River Ranch diamond mine in which the late general Solomon...

Namibian Diamonds Valued in Top 10 Worldwide

Namibia emerged as one of the top ten producers of diamonds in terms of value last year, statistics released yesterday by the Kimberley Process showed.

Russia Joins China in a Bid to Control Zimbabwe's Diamonds

Russia is set to join China in controlling diamond mining in Zimbabwe, with the Federation's state diamond group seeking a license to mine at the lucrative Chiadzwa fields.