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*Mbada Diamonds in diamond under-pricing scandal* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?vx Mbada Diamonds, which is one of the companies that resisted a forensic audit of Chiadzwa diamond mining operations initiated by Government, could have prejudiced the State of millions of dollars by under-declaring its diamond sales over the years after it emerged its average price per carat was about three times lower than that of other firms extracting the same gems from Chiadzwa. The underpricing scandal emerged during a tour of the Maranga diamond fields by the Parliamentary Portfolio Committee on Mines and Energy chaired by Zanu-PF MP for Masvingo Urban, Daniel Shumba on Friday where officials indicated that Mbada’s average price was $23 per carat although the company was awarded claims with the best gems, while Jinan sold diamonds for an average of $89 per carat. ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- Zimbabwe Consolidated Diamond Company acting chief executive officer, Dr Ridge Nyashanu, told the committee that it was important to consolidate diamond mining to stop under-declaring of sales. More: Chronicle itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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