RE: Does our carats come to more than 1kg21 Nov 2025 11:28
As posted many times, covering the debt (around $11.5m) in itself will be a right royal result for AP.
Marange prices, not Namibia prices, which are generally SEVEN time higher than Zimbabwe
Here an example of and been a few of them over the years, with Minister bemoaning prices they have sold for at various auctions, in recent years, Zimbabwe/ZCDC has been Dubai and 8 - 10 auctions a year.
A previous Dubai sale in April realised US$76 per carat and raised US$30 million, with US$4.39 million earmarked for Zimbabwe's Treasury. The comparatively ambitious projected figure of US$100 per carat suggests that the sale in Dubai is expected to turn up better quality of stones this time round. A positive sign perhaps, but it's unlikely that Zimbabweans will be holding their breath.
Following the Dubai sale in April, the Minister of Finance complained that Dubai was too slow in sending dues back to Zimbabwe, reportedly going so far as to say "[Dubai] failed the test... Why would we continue selling our diamonds in Dubai under such conditions?"
In another a similar tale, Minister hoped for $105 per carat , and got $82
Earlier this year the Minister said, prices have shown signs of a recovery since late 2024, if so , if we can get close to $100 ct for the entire parcel (135 kct)
that would still be a great result, the potential VAST transformation, is the REMOVAL OF DEBT, nothing more, nothing less, anything above and beyond
is a BONUS..........glalth.