Saturday, November 9, 2024

Zimbabwe’s largest mining company moves sales hub to Dubai

In a strategic move aimed at bypassing middlemen, Zimbabwe’s largest diamond producer, Zimbabwe Consolidated Diamond Co, has shifted the bulk of its sales operations to Dubai, focusing on attracting cutters, polishers and traders, Mining Weekly reports.

The state-owned miner has auctioned 4 million carats of diamonds in the emirate this year, a significant increase from the 850,000 carats sold in the whole of 2022. According to the company’s sales and marketing manager, Enock Moyo, the company plans to generate $1 billion in revenue by 2030.

Moyo said three auctions held in Dubai attracted an average of about 150 buyers, a fivefold increase compared to sales held in Zimbabwe. Moving the sale of rough stones to the UAE has also cut out the middlemen who traditionally attended auctions in Zimbabwe. “For us, Dubai has been a game changer,” said Moyo in an interview.

Alice
Alice
Alice is a seasoned jewelry designer renowned for her exquisite creations that seamlessly blend artistry with elegance. With a passion for craftsmanship and an unwavering commitment to quality, Alice has established herself as a distinguished figure in the world of fine jewelry. Drawing inspiration from diverse cultures and artistic movements, Alice brings a unique perspective to her designs, creating pieces that transcend mere accessories to become timeless works of art. Her meticulous attention to detail and insistence on using only the finest materials ensure that each creation reflects not only her artistic vision but also a commitment to unparalleled craftsmanship. Having honed her skills through years of dedicated practice and a keen understanding of evolving trends, Alice is adept at translating her clients' desires into bespoke, one-of-a-kind pieces. Her portfolio encompasses a range of styles, from classic and timeless to avant-garde and contemporary, showcasing her versatility and ability to cater to a diverse clientele.

Related Articles

Latest Articles