Zimbabwe, via its state-owned miner, intends to produce more diamonds this year than it did the previous fiscal year, despite challenges in the global market.
The objective for the year currently stands at 5 million karats, 1.2 million more than the Southern African country produced in 2025.
This goal has been set in spite of glaring hurdles currently plaguing the global diamond industry.
Challenges such as global conflicts and the proliferation of synthetic gems threaten to hamper Zimbabwe’s diamond trade.
As seen on Bloomberg, Douglas Zimbango, CEO of Zimbabwe Consolidated Diamond Co., told lawmakers in the eastern town of Mutare that there are also domestic issues that have led the country's diamond industry to decline more than the global market.
