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
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