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Mernat Mafirakurewa Business Editor—
Over 100 buyers took part in the inaugural rough diamond tender for the country’s diamonds being held in Dubai, it has emerged. The tender that began on March 23 and will run until March 30 is being hosted by the Dubai Diamond Exchange (DDE). According to reports from Dubai, the tender facilitated by Global Diamond Tenders DMCC features over 400,000 carats of rough diamonds produced by Marange based Anjin, Jinan, DTZ, DMC, Marange Resources, Mbada and Kusena mining companies.
Global Diamond Tenders managing director Neil Haddock said over 105 industry participants registered as buyers for the tendered goods on the first day.
“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.
“It is incredible to see strong international trading relations flourish into what we are experiencing here at the DDE in Dubai this week,” DDE chairman Peter Meeus said.
“The DDE is full — literally every corner of the exchange is being utilised — from every viewing room to every seat in the trading hall”.
The DDE is a member of the World Federation of Diamond Bourses and a supporter of all its initiatives.
The exchange fully complies with the Kimberley Process Certification Scheme, which ensures that all rough diamonds imported to and exported from the country have been mined in a legitimate matter.
This is the third time the country is holding a tender having held two foreign diamond auctions at Antwerp in Belgium in December and February that raked in $10,5 million and $70 million respectively.
The tender for the rough gems marked the third diamond sale organised by the DDE and facilitated by Global Diamond Tenders in cooperation with Dubai Multi-Commodities Centre.
Online Reporter