adminChiadzwa to local companies for cutting, polishing and export, The Herald can reveal.
This is in accordance with Statutory Instrument 157 of 2010 promulgated in November last year.
It stipulates that 10 percent of diamonds mined in the country should be offered for beneficiation to local companies.
Over 20 companies in Harare and Mutare are accessing Chiadzwa diamonds from the MMCZ.
The MMCZ confirmed the development this week.
The corporation said the sales begun in December last year. Between December and February this year 5 318.29 carats of rough diamonds worth US$2 303 339.90 were sold to local companies. The development is expected to create employment outside diamond mining.
Zimbabwe will also derive maximum benefit from the Chiadzwa diamonds if they are exported as finished products.
The diamond commodity pricing system is used to sell the gems to the local companies.
“We are getting enough diamonds from the MMCZ and we are not complaining at all,” said a representative of a Harare diamond cutting and polishing company.
“We have, however, not yet started exporting the polished gems as we await clearance from Government,” the official said.
Diamonds from Chiadzwa were being sold to foreign buyers through the auction system.
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