After closures due to the pandemic, Zimbabwe’s second-largest diamond miner says consumer demand for polished stones is already recovering
Zimbabwe’s second-largest diamond miner sees demand picking up after the coronavirus pandemic forced RioZim to halt sales in March amid slumping gem prices.
“It has, in fact, picked up with a vengeance in some parts of the world,” Wilson Gwatiringa, a spokesperson for RioZim, said by e-mail. “As a result, we expect an imminent bounce back in the demand for rough diamonds.” A first phase, costing $52m, would extend the life of the Murowa mine — 348km southeast of the capital, Harare — by four years from the current 14 months, Gwatiringa said. A second $400m phase, currently being planned, would see the construction of Zimbabwe’s largest underground diamond mine.
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