Story by Farai Gwaze
AS Africa continues to harness its vast mineral wealth, industry leaders are emphasising the need for precise assessments to drive value addition and maximise economic benefits.
Transcontinental Gems Chairperson, Mr Percy Zenda has underscored the importance of spot-on evaluation in the gemstone sector.
He believes that understanding the intrinsic qualities of the stones before valuing them is crucial for the continent’s growth.
“Spot-on evaluation is needed in any country in Africa. If we understand the stones before we even value them, that will be a great thing for our continent. We have three mining houses that I know, ZCDC, Murowa Diamonds, and ANJIN.
“The only thing we need to do from the means of production is value addition. That is where we need to come together with the authorities and the government through MMCZ as the regulator along with manufacturers like us and get spot-on evaluations so that we can get the desired results after value addition.”
Mr Zenda believes partnerships in the diamond sector will lead to enhanced value addition, making African gemstones more competitive in the global market.
“The largest consumer of premium diamonds is America. America and China love the beauty and size of stones, including the fancy stones, especially the ones they get from Africa,” he said.
As the industry moves forward, the call for spot-on evaluation and value addition is clear.
By working together, African nations can ensure that their gemstones not only shine on the global stage but also bring sustainable economic benefits to the continent.
