Zimbabwe may be stuck with Marange diamonds for two years
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.
(86 VIEWS)
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ACR’s Cranswick sobers up
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.
(76 VIEWS)
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Surat now desperate for Marange diamonds
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.
(73 VIEWS)
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Zimbabwe’s ambassador remains defiant as UN debates Marange diamonds
Zimbabwe’s ambassador to the United Nations Chitsaka Chipaziwa says Zimbabwe will never bow to pressure from the West over its diamonds because what bothered them all was not what Zimbabwe was doing with its diamonds but the fact that the precious stones were not under their control.
(52 VIEWS)