The Israeli Diamond Industry Portal
Diamond News Center
Diamond News
Israel
World
Mining
Retail
Press Releases
Financial News
Today's Headlines
Newsletter
Features
World diamond statistics
eMagazine
Famous Diamonds
Become a Member
Get Our Newsletter
IDEX Online Prices
Yellow Diamonds Prices
Kimberley Process
IDEX Online Index
World Clock
Hong Kong  16:32
New York  04:32
Mumbai  14:02
Jerusalem  11:32
Brussels  10:32
Moscow  12:32
diamond trade diamonds diamond companies diamond manufacture diamond center buying diamonds
Diamond News Center > Diamond News > World

Diamond News

Zimbabwe Wants KP to Greenlight Diamond Trade

08.07.10, 11:03 / World

Zimbabwean Finance Minister Tendai Biti urged the Kimberley Process Certification Scheme to allow Harare to start selling Chiadzwa diamonds immediately.

In a statement quoted by All Africa, Biti dismissed allegations that such gems are "blood diamonds."

"Kimberley must allow Zimbabwe to sell its diamonds, but should be present in the country to resolve issues now barring KP certification," Biti said.

He further called for the speedy resolution of legal claims by London-based African Consolidated Resources over mining rights in the Chiadzwa diamond fields.

He said the issue of diamond smuggling and allegations of human rights abuses, including forced labor, should be dealt with decisively.

Zimbabwe is reportedly sitting on four million carats of diamonds worth an estimated $1.7 billion.

Biti, added the report, is adamant "to get Westerners to stop their onslaught and allow Zimbabwe to trade diamonds internationally." Harare often accuses the West of impeding diamond sales in order to maintain its international debt to them.

"Zimbabwe can fund its own turnaround if diamonds are sold," a government source told the website. "Perhaps Westerners don't want Zimbabwe to be self-sufficient and that is why they are opposing the sale of diamonds.

"They fear that with the money, Government can work without all the handouts that are promised but never materialize," the source said.

Last week saw Zimbabwe's cabinet approve the immediate sale of diamonds mined in Chiadzwa to fast-track economic turnaround. The decision followed Mines and Mining Development Minister Obert Mpofu's statement that the sale would commence as Zimbabwe has met minimum KP requirements.

 

More on this subject:
Zimbabwe: Masimirembwa Named Head of ZMDC (07/07/10)
Diamantaire's Wife Fined for Illegal Diamond Dealing (06/07/10)
Zimbabwe's Cabinet Approves Diamond Sales (01/07/10)
| | | | | | Share | | התראות RSS

 
Sign Up For Our Newsletter
Recommendations from Facebook

more news   |  more world news
News Rss Feeds
WORLD
Cannes Film Festival Loses More Diamond Jewelry
26.05.13
WORLD
Cullinan Still Shines: Petra Sells $17M Blue Diamond
26.05.13
WORLD
Lucara Surprises With Sale Of Huge Karowe Diamond
26.05.13
WORLD
Cautious Diamond Sales Typify May For Israeli Industry
26.05.13
TODAY'S HEADLINES
Israel May Cut Gas Export Quota
23.05.13
Financial News
New York To Start Spending Aid On Hurricane Damage
12.05.13, 12:40
Common Searches
diamond price
buying diamonds
Israel diamond exchange
Celebrity Jewelry
Diamond Needs
Trilliant,1.00 - 1.50
(26.05.13)
Radiant,3.00
(26.05.13)
This week's most popular news
IGI Latest Lab To Implement QR Codes For Diamonds
New Diamond Protocol Group Holds Teleconference
Sotheby's Sets Record For Fancy Yellow Diamonds
IDI – מכון היהלומים הישראלי ewave