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Russia Diamond Supply Squeeze May Benefit Zimbabwe Miner's Gems

(Bloomberg) Zimbabwe’s biggest rough diamonds miner sees Russia’s invasion of Ukraine triggering “far-reaching consequences” for the global gem industry and possibly lifting demand for its own stones. ....

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Russia diamond supply squeeze may benefit Zimbabwe miner's gems

The southern African country is targeting $12 billion of mining industry revenue by next year, and state-owned ZCDC plans to contribute $1 billion of that, Mabhudhu said. ....

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Russia diamond supply curb may benefit Zimbabwe miner's gems

State-owned ZCDC will resume diamond auctions in April after an eight-month hiatus. ....

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