War in Ukraine: Zimbabwe Braced for Extra Rough Demand

By John Jeffay / March 22, 2022 / www.idexonline.com / Article Link

(IDEX Online) -  Zimbabwe could benefit from a supply gap in rough diamonds, says the CEO of its biggest miner.Russia's invasion of Ukraine could increase demand, according to Mark Mabhudhu (pictured), of the state-owned Zimbabwe Consolidated Diamond Co (ZCDC)."It may end up creating the supply gap that may drive demand for our product, as well as that of other players," he said in an interview, according to Bloomberg News."We don't wish for the worst case, but if it happens we will be able to sell our production."ZCDC has operations in the Chiadzwa area and in Chimanimani of the country and says its goal for 2023 is to become a "sustainable $1bn diamond mining industry". Last year ZCDC produced 4m carats, well above its 3m target.

Recent News

Gold stocks weaker but outperform slump in other sectors

October 13, 2025 / www.canadianminingreport.com

West Africa-focussed Robex and PDI to merge

October 13, 2025 / www.canadianminingreport.com

Gold stocks outperform equity market gains

October 06, 2025 / www.canadianminingreport.com

Most major producers rise but TSXV gold mixed

October 06, 2025 / www.canadianminingreport.com

Platinum, palladium, copper gain on green China, supply constraints

September 29, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok