chikane with diamond certificate.jpgStakeholders in the diamond mining industry are considering setting up a diamond bourse and a world-class diamond park which will house various government departments in a bid to have transparency in diamond trading.

 

With the local diamond industry still celebrating the certification of Marange diamonds, stakeholders have expressed high hopes that the industry will be completely different in a few years time.

 

Diamond investing partners, Canadile Miners and Mbada Diamonds have proposed ways to add value to the gemstones.

 

Mbada Diamonds Chairman, Dr Robert Mhlanga said: “We are proposing the setting up of a diamond bourse in the capital which will assist close monitoring by central government as well as setting up diamond cutting and polishing industries in the country’s ten provinces.”

 

Canadile Miners Chairman, Mr. Cougan Matanhire said the setting up of a world-class diamond park with a view of value-addition will be the major attraction of foreign direct investment and will turn the fortunes of downstream industries.

 

“Should such proposals come to fruition, it will be a milestone achievement for the industry which is still new,” he said.

 

Rough diamonds fetch around US$80 per carat while a cut, polished and processed diamond costs on average of US$2 000 per carat.