ZIMBABWE TO ESTABLISH MULTI-MILLION DIAMOND CENTER
The Zimbabwe Consolidated Diamond Company (ZCDC) is working to establish “a multi-million dollar diamond center” at Fern Hill in the municipal area of Mutare City, Rough & Polished reports.
The Diamond Centre will be constructed in two phases. $18 million have been set aside for the first phase, which will begin early next year.
ZCDC’s CEO, Dr. Morris Mpofu, said the Center “will help Zimbabwe spread its wings from the extractive sector to the downstream sector that constitute a larger chuck of the world’s $252 billion global diamond industry”. He added that in 2018, the new center will aim to have “[…] at least 1.2 million carats of polished gem diamonds produced, 1000 jobs created in downstream businesses and establishment of value addition industries in industrial diamond products”.