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Inaugural Zimbabwe Diamond Tender Achieves Sales Record
Apr. 07, 2014 12:42PM PST
Gem Investing
Over the weekend, the Dubai Diamond Exchange announced that a record number of sales took place at the first Zimbabwe diamond tender, which was held from March 23 to 30 of this year.
Over the weekend, the Dubai Diamond Exchange announced that a record number of sales took place at the first Zimbabwe diamond tender, which was held from March 23 to 30 of this year.
As quoted in the press release news:
The tender was facilitated by Global Diamond Tenders DMCC in cooperation with the DMCC and featured rough diamonds from Anjin, Jinan, DTZ, DMC, Marange Resources, Mbada and Kusena.
All the seven diamond mining companies based in Marange District of Zimbabwe participated at the inaugural diamond tender in Dubai, achieving an average price of US$76 per carat which was a 5.4 percent improvement on the second Antwerp (Belgium) sale which averaged US$72 per carat.
The Minister of Mines and Mining Development, Walter Chidhakwa, said out of a total value of US$29.2 million realised, government earned US$ 4.3 million from royalties.