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Coronavirus impacts Surat's diamond trade


Coronavirus impacts Surat s diamond trade
Synopsis
“The migrant workers are going to their hometowns to keep their families. They are taking 10 or 15-day breaks and they will definitely return. Nearly 20 per cent to 25 per cent workers have left. But this is a temporary thing,” said Dinesh Navadiya, regional chairman (Gujarat), GJEPC.
The fear of rising Covid cases has already impacted the diamond trade of Surat. Nearly 25 percent of migrant workers engaged in cutting and polishing of diamonds in Surat have left the city, which has become the epicentre of Covid cases in Gujarat, in the last one week.
There are about 10 lakh workers in diamond trade, of which 4 lakhs are migrant workers who come from the states of Madhya Pradesh, Uttar Pradesh, Rajasthan, Bihar and Jharkhand. ....

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Diamonds.net - Zimbabwe's Murowa Mine Sees Output Fall


Zimbabwe’s Murowa Mine Sees Output Fall
RAPAPORT. Production of rough diamonds at the Murowa mine in Zimbabwe declined 15% in 2020 amid a move to lower-grade resources.
Output came to 579,000 carats for the full year, compared with 685,000 carats in 2019, owner RioZim said last week. The drop in production was primarily due to the processing of lower-grade ore from the K2 portion of the mine following the depletion of the site’s higher-grade K1 ore the previous year, the miner noted.
Total revenue at RioZim, which also owns gold, chrome and energy assets, rose to ZWD $3.14 billion ($8.7 million), versus ZWD 577.1 million ($1.6 million) a year earlier. The company, which separated from Rio Tinto in 2004, reported profit of ZWD 452.7 million ($1.3 million) compared with a net loss of ZWD 581.4 million ($1.6 million) in 2019. ....

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