Zimbabwe to Host Second Zimbabwe Diamond Conference in November

The Ministry of Mines and Mining Development of the Republic of Zimbabwe will organize a second Zimbabwe Diamond Conference on November 6 to 7, 2014 in Harare.

The conference will be hosted by the honorable Minister Walter K. Chidakwa (M.P.) who will address the audience on behalf of the Zimbabwe government.

Dignitaries from leading African diamond producing countries and delegates from world leading diamond traders, manufacturers, financiers and jewelers will come together during the conference.

Zimbabwe is the third largest diamond-producing nation in the world by amount of carats. According to the Kimberley Process report, Zimbabwe produced 12.1 million carats in 2012 with a value of $644 million.

The government of Zimbabwe is currently in the process of optimizing its revenues from diamond sales by organizing different tenders. In December 2013, the first Zimbabwean rough diamond tender in Antwerp achieved $10.5 million from the sale of 279,723 carats. A second Antwerp tender in February 2014 brought in $70 million from 959,931 carats. In March 2014, a diamond tender in Dubai raised $29.3 million from the sale of 380,626.24 carats.

The honorable permanent secretary Prof. Francis Gudyanga said:

“Since being accepted again as a full member of the KPCS in 2011, Zimbabwe has made a lot of progress in the diamond industry. By organizing this conference, we would like to highlight these accomplishments. Zimbabwe has found its place again in the industry.”

The conference will be spread over two days.

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