News

Zimbabwe to receive fuel in return for gold and diamonds

President makes a deal

diamond world news service

Zimbabwe's President Robert Mugabe has made an exchange deal with Libya and Iran to receive bulk fuel supplies in return for the country’s gold and diamond resources.

This transaction may have been the reason for the President to disapprove a $200 million German investment in Zimbabwe’s diamond mine, with the intent to have a sole ownership to it. For a country which faces hyperinflation of 5000% per annum, and a shortage of fuel, the President’s deal may help revive its fuel crisis.


Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet

Facets of Fire Unveils New Marquise and Pear-Shaped Natural Diamonds with Revolutionary Sparkle

DMCC Launches Dubai Diamond Week with Flagship Conference

The Ultimate Neckpieces for Brides this Wedding Season: Zen Diamond India

Embrace the Spirit of Giving this Season with New Jewellery Featuring Gemfields Emeralds and Rubies

The Rise of Pearls: A Modern Revival in Jewellery Design