Business News

Zimbabwe government ready to sell diamonds despite ban

Jun 30, 2010, 10:05 GMT

Harare - The cabinet of the Zimbabwe's coalition government has agreed to immediately embark on selling diamonds from a controversial diamond field in the east of the country, according to a state-controlled daily newspaper.

The decision, reported by the Herald and citing Minister of Mines Obert Mpofu, flies in the face of a continuing ban by the world watchdog on so-called blood diamonds on the sale of Chiadzwa gems because of human rights abuses.

'It was clear from the meeting that the cabinet agrees with the immediate sale of our diamonds,' Mpofu was quoted as saying in the report. 'However, we need to come up with a mechanism of proceeding with this process.'

Chiadzwa, regarded as the wealthiest diamond find in the world in a century, has been embroiled in controversy for several years. In 2006, the army violently drove out around 35,000 illegal miners. Human rights groups say an estimated 200 people were killed and thousands assaulted. Soldiers are also accused of looting and smuggling out diamonds.

The Kimberley Process (KP) diamond certification scheme, which is aimed at curbing the trade in diamonds used to fuel conflict, banned Zimbabwe from exporting diamonds after the alleged abuses came to light.

The government has reportedly accumulated a stockpile of about 4.5 million carats of Chiadzwa diamonds since the ban came into effect late last year.

A recent meeting of KP members in Israel failed to agree on the assessment earlier this month by a KP monitor that Zimbabwe had met minimum requirements for selling diamonds.

The watchdog body is due to meet next in November when the issued will again be discussed.



COMMENT

blog comments powered by Disqus

Latest Headlines in Business

Older Talkback

Follow Us

Follow M&C on Pinterest

Search

Custom Search

Also Check Out

Lindsay Lohan's dad has stroke?

Lindsay Lohans dad has stroke?
Michael Lohan was rushed to hospital after experiencing pain at the gym. ... more

will.i.am sabotaged Jessie J on 'The Voice'

will.i.am sabotaged Jessie J on The Voice
Black Eyed Peas singer allegedly turned her microphone off. ... more

Rihanna: Cheryl Cole should replace Jennifer Lopez on 'American Idol'

Rihanna: Cheryl Cole should replace Jennifer Lopez on American Idol
'Where Have You Been' singer thinks former 'X Factor' judge would be great on rival show. ... more

X Factor were desperate for Britney Spears

X Factor were desperate for Britney Spears
'X Factor' bosses were reportedly so desperate to sign Britney Spears that they have given her permission to do whatever she wants. ... more

Julianne Hough voted best summer body

Julianne Hough voted best summer body
Julianne Hough has beaten stars including Gwen Stefani and Kate Hudson to take the top spot in Women's Health's magazine's third annual list of the hottest celebrity beach bodies. ... more

John Travolta's Bahamas hideaway

John Travoltas Bahamas hideaway
John Travolta is reportedly hiding out in the Bahamas following a string of allegations that he molested male masseurs. ... more

Lady Gaga takes in 'ladyboys' performance

Lady Gaga takes in ladyboys performance
Lady Gaga went to see Thailand's famous 'ladyboys' perform in Bangkok today (25.05.12). ... more

Beyonce Knowles nervous about comeback performance

Beyonce Knowles nervous about comeback performance
Beyonce Knowles is nervous about returning to the stage tonight (25.05.12) for the first time since having a baby. ... more

Reese Witherspoon's pregnancy is going 'great'

Reese Witherspoons pregnancy is going great
Pregnant Reese Witherspoon says she feels 'great' despite undertaking the long flight to the Cannes Film Festival in France from her home in California. ... more

Robert Pattinson refused to bare all for movie

Robert Pattinson refused to bare all for movie
Robert Pattinson refused to bare all for his new movie, telling director David Cronenberg it 'wouldn't happen'. ... more