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DDE achieves record prices from inaugural Zimbabwe diamond tender

18th April 2014

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

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A record number of sales were achieved at the Dubai Diamond Exchange’s (DDE’s) inaugural Zim-babwe diamond tender, held in Dubai from March 23 to 30, DDE chairperson Peter Meeus said last week.

The tender, facilitated by Global Diamond Tenders DMCC, realised a total value of $29.2-million from the sale of rough diamonds from Zimbabwe-based mining companies Anjin Investments, Jinan, DTZ, Diamond Mining Company, Marange Resources, Mbada Diamonds and Kusena.

The tender achieved an aver- age price of $76/ct, with the highest price for a carat reaching $5 000.

Mines and Mining Development Minister Walter Chidhakwa said the Zimbabwe government earned $4.3-million in royalties from the total sales.

“The DDE has and will continue to support African diamond markets by ensuring the appropriate infrastructure is available to facilitate the trade between producing and consuming nations,” Meeus said in a statement.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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