Zimbabwe is not likely to be able to sell its diamonds from Marange legally for the next two years if it persists with its confrontational attitude towards the Kimberley Process Certification Scheme, an industry insider, Chaim Even-Zohar says.
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African Consolidated Resources chief executive Andrew Cranswick has sobered up. His report for the six months to September appeared reconciliatory as it did not mention his long standing battle with the Zimbabwean government over the Marange diamonds for which the London-listed company is better known.
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Surat Rough Diamond Sourcing India Limited, a consortium of 1 500 diamantaires which signed a deal with Zimbabwe in October under which it was to be guaranteed US$1.2 billion worth of rough diamonds a year from Marange is now desperate after its government ruled that no one should purchase Zimbabwe’s diamonds because they had not been cleared by the Kimberley Process Certification Scheme.
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