Zimbabwe Miner Murowa Joins DPA

RAPAPORT... RZ Murowa Holdings has joined the Diamond ProducersAssociation (DPA) as its first new member since the marketing body formed in2015. The company, the majority owner of Murowa Diamonds, operatesthe Murowa mine in Zimbabwe, which it purchased from Rio Tinto in 2015. The assetproduces approximately 1.2 million carats of rough per year, with Murowa expectingthis to increase to more than 5 million carats annually by 2022. Its membershipin the DPA took effect on July 1. "The DPA will continue to play a vitally important role inthe future of the diamond industry, and broadening our representation andgeographic reach will help ensure we maximize the positive impact we can havefor the sector as a whole," Jean-Marc Lieberherr, CEO of the DPA, saidWednesday. Manit Shah, Murowa's chief operating officer, will join theDPA's board of directors this month. Existing members of the DPA are De Beers, Alrosa, Dominion Diamond Mines, Petra Diamonds, Gem Diamonds, Lucara Diamond Corp. and Rio Tinto. Image: Loose rough diamonds