Zimbabwe Could Become Top Supplier of Diamonds to Antwerp

Bloomberg reported that this year, the Antwerp World Diamond Centre plans to sell 12 million carats worth of diamonds from Zimbabwe. If that happens, the country will become one of the group’s six largest suppliers.

As quoted in the market news:

Zimbabwe conducted two auctions at Antwerp, in December and in February, realizing $10.5 million from sales of 279,723 carats and $70 million from 959,931 carats, according to the country’s Ministry of Mines. The center has also proposed a memorandum of understanding with the government to clean and sort the precious stones, leading to the creation of a diamond hub in the country, Chief Executive Officer Ari Epstein said in a March 13 interview in Harare, Zimbabwe’s capital.

Click here to read the full Bloomberg report.