Zimbabwe’s Diamond Industry in Crisis as Prices Collapse, Workers Retrenched
By Fanuel Chinowaita Mutare, Chiyadzwa, 5 July 2025 – The Zimbabwe Consolidated Diamond Company (ZCDC) has been forced to retrench employees following a devastating collapse in global diamond prices, leaving workers in shock and the future of the industry uncertain. In a tense meeting held earlier this week, ZCDC management informed employees that some would…