Platinum’s rare nature gives it additional value and appeal

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Zim expects $35 mln from latest Antwerp diamond auction - report

27 february 2014

Zimbabwe is expecting to rake in about $35 million from the second auction of diamonds, mainly from Marange, which ended last Friday at the Antwerp World Diamond Centre in Belgium.
The tender was conducted by First Element.
Diamonds auctioned were mined by Diamond Mining Company, Jinan Investments, Anjin Investments, Marange Resources, DTZ and Mbada Diamonds.
The latest auction followed a trial tender held last December.
A total 279,723 carats we placed under the hammer achieving $10.7 million.
State-owned news agency, New Ziana reports that the trial tender was attended by 115 clients compared to the 10-15 companies that attended regular tenders in Zimbabwe.
The sale of Marange gems in Antwerp followed the removal of sanctions on the Zimbabwe Mining Development Corporation by the European Union.
Zimbabwe said recently that it was planning to establish a provisional diamond exchange by the end of the first half of the year after two or three more auctions in Antwerp.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished