A person separates diamonds at a mine. Zimbabwean diamonds are exported in their raw form, meaning the country only gets 20 percent of the full value of the gemstones.
Zimbabwe’s largest diamond miner has begun retrenching some 400 workers as the industry takes a hit from tough domestic foreign currency policies and reduced demand amid global trade wars.
State-owned Zimbabwe Consolidated Diamond Company (ZCDC) has told employees that the massive job cuts are necessary for the firm to survive the turbulence.
