The US on Tuesday banned trading of diamonds from Zimbabwe in a fresh blow to re-engagement between the two countries.

Zimbabwe expects to produce 4.1-million carats of diamonds in 2019, up from 2.8-million carats in 2018. At the peak of production in 2012, the country’s output was 12-million carats.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now