15 Aug 2022
DiamondWorld Directory
Home |
Zimbabwe to use diamond sales proceeds to repay debt
Has sold diamonds worth $300 million so far
By: Diamond World News Service
Mar 10 2011 1:15PM
Reference: 5823  


Zimbabwe is looking at repaying its debt, through dimaond sales proceeds, reports suggest. The recent announcement by Zimbabwe's Prime Minister Morgan Tsvangirai, reportedly states that the country is considering this measure to part of the country’s external debt totaling $7.1 billion, and also to rehabilitate Zimbabwe's faltering industry. The country’s diamond sales have already touched $300 million.

Zimbabwe’s Finance Minister Tendai Biti is reported to have said, "The resolution of the debt is crucial for us to be integrated in the international community and also the resolution of our political problem." The country's long standing issue of legally allowing sale from the Marange fields stands unresolved, for which country President Robert Mugabe had been working at getting the KP approval, to further boost the country's economy.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Sort by: 
worth reading
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31247
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8548
GJEPC Chairman Interview
Views: 27440
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 38221
Promo for IJ Awards 2012 at NDTV Profit
Views: 55992
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 67546
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21305
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 49925
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 51680
Member of:
Supporter of: