Zimbabwe plans to increase the added value of their diamonds, to organize the production of diamond jewelry, according to local newspaper Manica Post.
Minister of Mines Chidakva Walter (Walter Chidhakwa) said in an interview that the production of jewelry, is expected to help create a strong chain to increase the added value of the diamond sector, will provide great opportunities for employment, expand the tax base for the Treasury and increase the country's export basket.
"We feel that we can contribute to the development of the international diamond industry, providing good quality diamonds and providing support for cutting and polishing and jewelry segment," - said the Minister.
"We also want to be part of the jewelry community to increase value added, as is done in other countries", - he said.
In the first six months of this year in Zimbabwe, 972,765 carats were produced against the target of 6 million carats, according to the Parliament of Zimbabwe Finance Minister Patrick Chinamaza (Patrick Chinamasa).
He added that most of the diamond companies have stopped production after the February consolidation of the diamond sector. Chinamaza also said it will stop production at three diamond concessions are not yet operational.
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Exports of rough diamonds from Russia for the first 9 months of 2015 amounted to 20.38 million carats, which is 17.6% lower than the same period of 2014, to be published by the Ministry of Finance from the Kimberley Process certificates.
In the III quarter of 2015 exports amounted to 5.416 million carats (this is 28% below the level a year ago). Assessment of the Russian diamond exports in the III quarter has fallen in value by 1.7 times, to $ 583 million. This calculation is made based on the price in the price list of the Ministry of Finance, which is significantly lower than the market, but it allows you to draw conclusions about how the market price movements and the quality of exported raw materials (in the case of equality of physical volumes).
"ALROSA» (MOEX: ALRS), controls the active time of approximately 97% of the Russian diamond, in block III, reportedly realized 4.9 million carats (40.6 rescued bn).
The largest buyer Russian diamond both physically and in terms of value in III quarter again become Belgium (in Antwerp, Belgium, are the world's largest diamond exchanges), buying 3.59 million carats (down by 27% compared with a one-year-old data). In second place with India procurement volume of 1.024 million carats, drop by 41%. Diamond exports to Israel amounted to $ 59 million in value, while in volume terms it is inferior to the supply in the UAE (266 thousand. Carats against 573 thousand. Carats), which are estimated at $ 32.4 million.
Decreased by 10 diamond imports to Russia in the III quarter % - to 7.25 thousand carats, estimated at $ 22.7 million (previous year - $ 10.4 million)..
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