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African News Agency reported that Zimbabwe is looking to establish its own diamond bourse, and eventually hopes to become a regional diamond trading hub. The country has invited consultants to help with the process.
African News Agency reported that Zimbabwe is looking to establish its own diamond bourse, and eventually hopes to become a regional diamond trading hub. The country has invited consultants to help with the process.
As quoted in the market news:
According to Zimbabwe’s state-owned newspaper, The Herald, the diamond bourse, to be part of a standardised one-stop hub for trading in diamonds and semi-precious minerals, is expected to turn Harare into a diamond city.
This follows a 2013 research trip by the government and officials from mining parastatals to the Antwerp Diamond Trading Centre in Belgium.
Bidding consultants will hold a second compulsory site visit at the Minerals Marketing Corporation of Zimbabwe (MMCZ) offices in Harare on Thursday.
The Herald said that if the diamond trade centre is established, it would compete with major centres like Antwerp, New York, Mumbai and Dubai.