Zimbabwe sits on $300 million worth of diamonds

State-owned ZCDC is sitting on $300 million worth of Marange diamonds, as the nation continues to bear the brunt of fuel and other essential commodity shortages at the back of an acute foreign currency crisis.

Although company chief executive Morris Mpofu, acting Minerals Marketing Corporation of Zimbabwe MMCZ general manager Masimba Chandavengerwa and Mines minister Winston Chitando were not immediately available for comment.

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