About 280 000 carats from the Zimbabwe Consolidated Diamond Company (ZCDC) will go under the hammer at an upcoming rough diamond tender in Dubai next week.
The sale is part of Zimbabwe’s strategy to expand its footprint in the global diamond trade and attract international buyers as the country seeks to maximise revenue from its mineral resources.
The tender runs from April 13 to 17.
“Trans Atlantic Gem Sales (TAGS), in partnership with the Zimbabwe Consolidated Diamond Company (Pvt) Ltd, is pleased to present an upcoming rough diamond tender in Dubai this April. The sale will feature over 280 000 carats of original Zimbabwean mine production, offered across a full range of sizes and qualities,” TAGS said in an update on Tuesday.
This will be the second tender within a month by TAGS involving Zimbabwean rough diamonds, following last month’s sale.
In January, TAGS announced its first tender of 2026, featuring more than 500 000 carats of original Zimbabwean rough diamond production.
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Next week’s sale comes after Dubai Multi Commodities Centre executive chairperson Sultan Ahmed Bin Sulayem praised the quality of diamonds mined in Zimbabwe and the wider region following the shipment of more than 500 000 carats from ZCDC.
Bin Sulayem recently posted on X (formerly Twitter) that he met with TAGS chief operating officer Paul Duncombe during a visit to the company’s facilities at Almas Tower, where they were hosting a sale of more than 500 000 carats of original Zimbabwean mine production.
“As one of the most active participants in the Dubai Diamond Exchange, TAGS remains a cornerstone of our precious stones ecosystem, consistently delivering the scale, transparency and professionalism that global buyers and suppliers expect,” he said.
“While we witnessed a high level of attendance from specialist manufacturers at the current event featuring Zimbabwean goods, we also discussed the sustained appetite for high-quality rough diamonds, as evidenced by the strong activity and prices achieved at TAGS’ recent tenders.
“Preparations are already well underway for their next sale in April, which will feature an impressive selection of high-quality rough diamonds from Southern Africa, including several exceptional single stones and fancy colour diamonds.”
ZCDC, an entity under the Mutapa Investment Fund, recently engaged Dubai-based TAGS as its second international tender house to facilitate the auctioning of its rough diamonds.
The company conducts international diamond sales through two channels — Taurum Group and TAGS.
Local diamond producers are required by law to reserve 10% of their production for local buyers.
The Minerals Marketing Corporation of Zimbabwe plays a critical role in ensuring that Zimbabwe’s minerals, including diamonds, achieve optimal value on the international market.