Zimbabwean President Robert Mugabe during a recent visit to China said his country is planning to partner with Chow Tai Fook to polish diamonds mined in Zimbabwe.
Chow Tai Fook is based in Guangdong province and is one of the biggest diamond manufacturers in the world with operations in Botswana and South Africa, among other countries according to local media reports.
"We came here for obvious reasons; we wanted to visit factories especially the diamond company,” said Mugabe. “We have discovered diamonds in the country and we are at production level but at the same time we have been thinking of cutting and polishing of diamonds.
"And of course we knew that there was a famous company that does polishing and goes beyond that, and so we would want to partner (it)."
Zimbabwe was currently exporting its diamonds, mainly mined in Marange, in raw form.
There were reports recently that cited Mines and Mining Development minister Walter Chidhakwa as saying that Harare would ban the export of rough diamonds for the country to derive maximum value from its gems.
However, the Centre for Natural Resource Governance (CNRG) said Zimbabwe should not go ahead with its plans to impose a moratorium on diamond exports.