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Zimbabwe: ZCDC on Track to “Record Diamond Production” in 2021

The ZCDC reportedly did “extremely well” this year
rough diamonds diamcor Africa
Credit: Diamcor Mining

In a recent interview to the Sunday Mail newspaper, Zimbabwe’s Mines minister Winston Chitando said that the state-owned Zimbabwe Consolidated Diamond Company (ZCDC) is on track to record diamond production in 2021, Rough & Polished reports.

 

open diamond mine Zimbabwe
Credit: fivepointsix / shutterstock.com

 

According to the report, Chitando said that the ZCDC had “done extremely well” this year but did not provide specific production figures.

 

Zimbabwe money and a Rough Polishd Diamond
Credit: IDI

 

It is known that the ZCDC produced 756,518 carats in the first half of 2021 against a target of about 1.2 million carats. The company’s diamond sales during the period raked in $64.7 million, achieving an average price per carat of $85.6. During the period, the ZCDC recorded a profit of $26.35 million. According to the report, the company “was targeting a profit of $62.1 million and an output of just above 3 million carats” in 2021.



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