Tanzania Eyes Deal with Dubai Diamond Exchange

By John Jeffay / August 08, 2022 / www.idexonline.com / Article Link

(IDEX Online) - Tanzania is reportedly looking to sell its rough through the Dubai Diamond Exchange (DDE).Minerals minister Dotto Biteko said the country needs to seek more lucrative markets for the estimated 500,000 carats it produces annually, according to The Citizen newspaper.He was speaking ahead of a meeting of the 18-member African Diamond Producers' Association, of which Tanzania is the current chair.The meeting, in the city of Arusha was due to discuss the contribution of diamonds to African economies.In February, DDE (pictured) announced it had overtaken Antwerp as the top trading hub globally for rough diamonds - over $22.8 billion in 2021.

Recent News

Gold stocks decline as metal price drops

June 29, 2026 / www.canadianminingreport.com

Tech takes a hit on South Korea semiconductor decline

June 29, 2026 / www.canadianminingreport.com

Gold stocks rise even as metal drops for second week

June 22, 2026 / www.canadianminingreport.com

Base outperform precious metals in slowdown from 2025 boom

June 22, 2026 / www.canadianminingreport.com

Mining stocks not looking expensive versus returns

June 15, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok