Inaugural Zimbabwe Diamond Tender Now Taking Place

Rapaport reported that on the first day of the inaugural Zimbabwe diamond tender, which is being held at the Dubai Diamond Exchange (DDE) from March 23 to 30, over 105 participants registered as buyers.

As quoted in the market news:

The tender is being facilitated by Global Diamond Tenders in cooperation with the Dubai Multi-Commodities Centre (DMCC) and offers over 400,000 carats of rough diamonds from Zimbabwe-based companies such as Anjin, Jinan, DTZ, Diamond Mining Company, Marange Resources, Mbada Diamonds and Kusena.

‘The DDE has been a key supporter of the diamond trade in Africa over the last decade and very much acts as facilitator of trade between producing and consuming nations,’ said DDE’s chairman, Peter Meeus. ‘It is incredible to see strong international trading relations flourish into what we are experiencing here at the DDE in Dubai this week.’

Click here to read the full Rapaport report.