The Zimbabwe Consolidated Diamond Company (ZCDC) is working towards establishment of a diamond value management centre that will enable the firm to value add on the gemstones and derive maximum revenue.
The diamond producing firm is stepping up its market competitiveness to match international best practices by harnessing latest technologies in cleaning, sorting, valuation and marketing of rough diamonds.
This will effectively curb revenue losses incurred through inefficiencies derived from inadequate capacity resources and investment into value management processes.
It is anticipated that roping in such technological innovation will improve the asking price for the diamonds which recently sold for $67 per carat through tender number 3 effected last month.
If successfully implemented Zimbabwe’s diamonds will join the league of quality diamond producing nations such as Botswana.
In fact negotiations between Zimbabwe and Botswana started in February this year, that will result in the country processing its diamonds at the world renowned Diamond Trading Company (DTC) may come as an added bonus to the current efforts to establish a centre based on home grown solutions.