HomeDiamonds & GemstonesZimbabwe plans immediate resumption of diamond sales

Zimbabwe plans immediate resumption of diamond sales

Zimbabwe’s controversial
Marange diamond fields
Jerusalem, Israel — MININGRVIEW.COM — 2 November 2010 – The government of Zimbabwe plans to resume selling diamonds from its controversial Marange fields within a matter of days, saying that it fully meets the standards required by the body that regulates trade in conflict diamonds.

Zimbabwean minister of mines and mine development Obert Moses Mpofu said a report that would be unveiled at this week’s Kimberley Process meeting in Israel showed that the African country should no longer be subject to industry sanctions.

“We have done everything in our power to meet the minimum standards of the Kimberley Process certification scheme,” Mpofu told Reuters here on the sidelines of the four-day meeting.
“This puts us in a position to resume exports without sanctions. We will start selling diamonds again immediately after the meeting,” he said.

Mpofu said Zimbabwe had a diamond stockpile of about 4.5 million carats that are due for export. “We can’t continue to hold them with no reason,” he added.

“There is recognition that there have been marked improvements in Marange,” said Stephane Chardon, chairman of the Kimberley Process working group on monitoring. “But only some parts are compliant and in other parts, less progress has been made.”

During this week’s meeting, the main item on the agenda of the some 75 countries participating will be Zimbabwe’s compliance with the Kimberley Process. A final decision will be announced at the end of the meeting.