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Zimbabwe Miner Murowa Joins DPA

Sep 13, 2018 5:59 AM   By Rapaport News
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RAPAPORT... RZ Murowa Holdings has joined the Diamond Producers Association (DPA) as its first new member since the marketing body formed in 2015.

The company, the majority owner of Murowa Diamonds, operates the Murowa mine in Zimbabwe, which it purchased from Rio Tinto in 2015. The asset produces approximately 1.2 million carats of rough per year, with Murowa expecting this to increase to more than 5 million carats annually by 2022. Its membership in the DPA took effect on July 1.

“The DPA will continue to play a vitally important role in the future of the diamond industry, and broadening our representation and geographic reach will help ensure we maximize the positive impact we can have for the sector as a whole,” Jean-Marc Lieberherr, CEO of the DPA, said Wednesday.

Manit Shah, Murowa’s chief operating officer, will join the DPA’s board of directors this month. Existing members of the DPA are De Beers, Alrosa, Dominion Diamond Mines, Petra Diamonds, Gem Diamonds, Lucara Diamond Corp. and Rio Tinto.

Image: Loose rough diamonds
Tags: Diamond Producers Association, Dpa, Jean-Marc Lieberherr, Manit Shah, Murowa, Murowa Holdings, Rapaport News
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