India supports wealth management with diamonds?

Wealth management though alternative investments such as diamonds may receive a boost thanks to an exploratory visit to Zimbabwe by delegates from India's precious stone industry.

Zimbabwe mines and mining development minister Obert Mpofu met with the 20-strong group, which may have been an attempt to strengthen links between markets in the two developing economies, Diamond Price Guide reports.

Investments such as wine and jewels could offer attractive returns in current volatile markets, as low interest rates and uncertain economic recovery combine to make traditional wealth management options less sure.

Mr Mukesh Kumar, the second secretary at the Indian Embassy in Zimbabwe, told the Zimbabwe Herald: “Current bilateral trade between Zimbabwe and India is low, but there is potential to do better and maintaining bilateral trade should improve trade and investment between the two."

The newspaper reports delegates from the sub-continent have agreed to lobby their government on behalf of the southern African nation. ADNFCR-2318-ID-800160632-ADNFCR