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Zimbabwe - Monthly Economic Review - Februray 2012


Metal prices continued to recover from the downward trend of December 2011. In January 2012, gold and platinum prices fi rmed by 9 percent and 15 percent, respectively, while copper and nickel prices also increased by 8 percent and 10 percent, respectively (Table 1). International prices of rough diamonds in January 2012 were affected by the increase in supply of diamonds, especially from Zimbabwe following the lifting of export ban on the Marange diamonds by the Kimberly Process Certifi cation Scheme (KPCS). The decline of rough diamond price, averaging about 25 percent since November 2011, was mainly realized in India where Zimbabwe exports most of its diamonds.

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