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Modern Diplomacy
Published 1 month ago
Since the 1980s, China’s economy has been on the rise. With a prosperous manufacturing industry, China has a growing middle class and an ever-increasing demand for luxury goods. Compared to Russia, China does not have large diamond reserves. However, the country makes up for its lack of resources by gaining access to diamond reserves in Africa and producing affordable synthetic diamonds.
The Underdevelopment of China’s Diamond Industry
China’s diamond industry is underdeveloped due to lack of resources in diamond mines domestically and overseas. According to a report by Frost & Sullivan in 2014, China is still developing its overseas diamond market, and only a few companies have access to diamond mines.
Yesterday
02 february 2021 (allafrica.com) - An army-linked miner, Anjin Investments (Pvt) Ltd, grabbed the most lucrative diamond claim in Marange from a firm owned by the government after being relicensed under unclear circumstances, it has emerged. Investigations carried out with support from Information for Development Trust, a non-profit organisation helping journalists to expose corruption and bad governance, established that Anjin has effectively taken over Portal B, a diamond-rich zone in Marange that was being mined by the Zimbabwe Consolidated Diamond Company (ZCDC), a government outfit set up in 2016.
Army-linked Anjin grabs richest diamond claim
Kenneth Matimaire
An army-linked miner, Anjin Investments (Pvt) Ltd, grabbed the most lucrative diamond claim in Marange from a firm owned by the government after being relicensed under unclear circumstances, it has emerged.
Investigations carried out with support from Information for Development Trust, a non-profit organisation helping journalists to expose corruption and bad governance, established that Anjin has effectively taken over Portal B, a diamond-rich zone in Marange that was being mined by the Zimbabwe Consolidated Diamond Company (ZCDC), a government outfit set up in 2016.
The ZCDC was established as a merger of DTZ-OZGEO, Marange Resources, Kusena Diamonds, Diamond Mining Company and Gye Nyame, when Anjin and several other diamond miners were de-licensed by the government and barred from operating in Marange, in Manicaland province, for alleged impropriety.
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