🇿🇼ZimbabweSouthern Africa
ZCDC to auction 280,000 carats of rough diamonds in Dubai
via NewsDay Zimbabwe6 min read
The Zimbabwe Consolidated Diamond Company ZCDC will offer approximately 280,000 carats of rough diamonds at an upcoming tender in Dubai, scheduled from April 13 to 17. This sale is part of Zimbabwe's strategy to expand its presence in the global diamond trade and attract international buyers to maximize revenue from its mineral resources. Trans Atlantic Gem Sales TAGS, in partnership with ZCDC, is facilitating the tender, which will feature a full range of sizes and qualities of original Zimbabwean mine production. This marks the second tender by TAGS involving Zimbabwean rough diamonds within a month. In January, TAGS announced its first tender of 2026, which included over 500,000 carats of Zimbabwean rough diamond production. Dubai Multi Commodities Centre executive chairperson Sultan Ahmed Bin Sulayem praised the quality of Zimbabwean diamonds after a previous shipment of over 500,000 carats from ZCDC. ZCDC, an entity under the Mutapa Investment Fund, uses both Taurum Group and TAGS as international tender houses for its rough diamond sales. Zimbabwean law requires local diamond producers to reserve 10% of their production for local buyers, and the Minerals Marketing Corporation of Zimbabwe ensures optimal value for the country's minerals on the international market.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
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