{"id":915621,"date":"2026-06-26T19:12:04","date_gmt":"2026-06-27T00:12:04","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/26\/news24-zimbabwe-state-diamond-miner-targets-increase-in-output-for-2026\/"},"modified":"2026-06-26T19:12:04","modified_gmt":"2026-06-27T00:12:04","slug":"news24-zimbabwe-state-diamond-miner-targets-increase-in-output-for-2026","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/26\/news24-zimbabwe-state-diamond-miner-targets-increase-in-output-for-2026\/","title":{"rendered":"News24 | Zimbabwe state diamond miner targets increase in output for 2026"},"content":{"rendered":"<div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/news24cobalt.24.co.za\/resources\/02a5-20a4fd3fa328-1034aee4f110-1000\/format\/inline\/gettyimages-1240892503.jpeg\" alt=\"Conveyor belts at the ore crushing plant at the Zimbabwe Consolidated Diamond Co. Chiadzwa diamond fields in Chiadzwa, Zimbabwe.\" height=\"720\" width=\"1080\"><\/p>\n<p>\n                    Conveyor belts at the ore crushing plant at the Zimbabwe Consolidated Diamond Co. Chiadzwa diamond fields in Chiadzwa, Zimbabwe.\n                <\/p>\n<div>\n<p>Cynthia R Matonhodze\/Bloomberg via Getty Images<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div>\n<ul id=\"U87048083021SYb\">\n<li><b>For more financial news, visit <a href=\"https:\/\/www.news24.com\/business\" target=\"_self\">News24 Business<\/a>. <\/b><\/li>\n<\/ul>\n<hr>\n<p>Zimbabwe\u2019s main state-owned diamond miner aims to produce five million carats this year, up from 3.8 million in 2025, even amid geopolitical tensions and a proliferation of synthetic gems.<\/p>\n<p>The country\u2019s diamonds have experienced a worse downturn than the international market because of a range of local issues, Douglas Zimbango, chief executive officer of Zimbabwe Consolidated Diamond company., told lawmakers in the eastern town of Mutare.<\/p>\n<p>Internationally, rough diamond prices have gone down by 26%-35%, but Zimbabwe goods \u201chave experienced a worse down from a peak $79 to $22 (about R1 300 to R370) because of product profile, geopolitical tensions, synthetic diamonds, market collusion and unsatisfactory sales framework,\u201d he said.<\/p>\n<p>\u201cThe international diamond market remains in a downturn and specifically the unique rough diamonds which will typically command a 2026 price range of between $22-$34 per carat,\u201d he said. That compares with other producers who average $100 for better-quality rough diamonds, according to Zimbango.<\/p>\n<p>During the first quarter of this year, Zimbabwe\u2019s diamond sales dipped 11% from the year earlier quarter to 784 764 carats. The value of those sales was around $21.6 million (R360 million), reflecting a 29% decline, according to official data.<\/p>\n<p>ZCDC is a subsidiary of the country\u2019s sovereign wealth fund Mutapa Investment Fund. Since starting operations in 2016, the miner has extracted 26.5 million carats to date, according to Zimbango.<\/p>\n<p>Mutapa Investment Fund recently restructured its mining entity, Kuvimba Mining House, and established five new entities in an effort to improve efficiency.<\/p>\n<div>\n<p>Newsletter<\/p>\n<p><span>Daily<\/span>\n        <\/p>\n<p>SA Money Daily<\/p>\n<p>The biggest business, economic and market news of the day.<\/p>\n<p><a id=\"subscribe-button\" data-event-name=\"newsletter_subscribe\" href=\"http:\/\/www.news24.com\/individualnewsletter\/signup\/3989?returnurl=https%3a%2f%2fwww.news24.com%2findividualnewsletter%2fsignup%2f3989%3freturnurl%3dhttps%253a%252f%252fwww.news24.com%252fbusiness%252fcompanies%252fzimbabwe-state-diamond-miner-targets-increase-in-output-for-2026-20260517-0405\"><br \/>\n            <span>Sign up<\/span><br \/>\n        <\/a>\n    <\/p>\n<\/div><\/div>\n<p><a href=\"https:\/\/www.news24.com\/business\/companies\/zimbabwe-state-diamond-miner-targets-increase-in-output-for-2026-20260517-0405\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Conveyor belts at the ore crushing plant at the Zimbabwe Consolidated Diamond Co. Chiadzwa diamond fields in Chiadzwa, Zimbabwe. Cynthia R Matonhodze\/Bloomberg via Getty Images For more financial news, visit News24 Business. Zimbabwe\u2019s main state-owned diamond miner aims to produce five million carats this year, up from 3.8 million in 2025, even amid geopolitical tensions<\/p>\n","protected":false},"author":1,"featured_media":915622,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2215,23880],"tags":[6437,46081],"class_list":["post-915621","post","type-post","status-publish","format-standard","has-post-thumbnail","category-state","category-zimbabwe","tag-state","tag-zimbabwe"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/915621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=915621"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/915621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/915622"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=915621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=915621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=915621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}