Zimbabwe Diamond Auction Continues as Gem Exports Decline
A week-long third diamond auction in Harare is expected to end Friday at a time exports have taken a major tumble in the troubled mining sector.
This week it is expected that an estimated 400,000 carats will be auctioned.
Deputy Mines Minister Fred Moyo told parliament on Wednesday that diamond exports fell by 34 percent to 5.9 million carats last year.
Moyo said the deep in production was as a result of the depletion of surface alluvial diamonds. Decline in production has led to labour unrest and retrenchments.