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Zimbabwe will sell diamonds without approval from the Kimberley Process – “conflict diamonds” regulation scheme failed to agree on Zimbabwe sanctions

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13 July 2010

Zimbabwe vows to export diamonds

Author: Tony Hawkins, Financial Times

Zimbabwe accounts for a quarter of global diamond output and the country is determined to export its gems, regardless of international regulators, President Robert Mugabe said…The Kimberley Process, which regulates the global diamond industry, has been unable to decide whether to certify the gems produced from the Marange fields in eastern Zimbabwe. Here, diamond deposits are controlled by allies of Mr Mugabe who are accused of using villagers for forced labour and personally profiting from exports.

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1 July 2010

Zimbabwe to sell $1.7bn diamond stockpile

Author: Tony Hawkins, Financial Times

Zimbabwe will sell its diamond stockpile, worth perhaps $1.7bn, without waiting for approval from the Kimberley Process, the government has said. Obert Mpofu, the mines minister, pledged that the sale of 4.5m carats of diamonds would go ahead regardless of the views of the industry regulator…Mr Mpofu said [Zimbabwe’s voluntary] suspension would now be lifted and diamonds sold by the state-owned Minerals Marketing Corporation. He told the official media that “hostile nations” such as the US, Canada and Australia had failed to persuade the Kimberley Process governments to withdraw their certification from Zimbabwe’s exports....The World Diamond Council said that only the Kimberley Process itself could give Zimbabwe permission to export its diamonds.

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30 June 2010

Window opens for Zim to sell diamonds

Author: Southern Times

A window opened for Zimbabwe to sell its diamonds after the Kimberley Process Certification Scheme (KP) emerged divided last week on whether to allow Zimbabwe to export diamonds from Marange fields…[Mines Minister] Mpofu [said] that the government would certify its own diamonds and the KP monitor would be free to supervise the exports…South African-owned companies Grandwell Holdings and Core Mining are mining diamonds in a 50-50 partnership with state mining arm Zimbabwe Mining Development Corporation in Marange.

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