The Zimbabwe Consolidated Diamond Company (ZCDC) produced 756 518 carats in the first half of 2021 against a target of about 1,2 million carats, according to the state-owned media.
The Herald newspaper reports that the company missed its half-year production target of 1.2 million carats, but it was helped by better than expected prices.
It sold its diamonds at an average price of $85,6 per carat compared to $68,3 per carat it had projected for the period.
ZCDC’s diamond sales in the six months raked in $64.7 million while its expenses and costs were just over $38.4 million.
This saw ZCDC recording a profit of $26.35 million during the period under review.
The company was targeting a profit of $62.1 million and output of just above 3 million carats this year.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
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