Categories: Stories

Zimbabwe gets go ahead to sell Marange diamonds but….

Zimbabwe has finally obtained the go-ahead to sell its rough diamonds from Marange but the deal could be scuttled because Russia says the Kimberley Process outgoing chairman Boaz Hirsch of Israel did not follow the proper procedure.

Hirsch had asked KP members to approve the amended Jerusalem Agreement which was drafted in Brussels by January 10 but after not getting any response, he extended the deadline to January 17. This time, according to sources, he got approval from 17 KP members.

There are 47 KP members. The European Union is counted as one member but the number of countries within the KP is actually 75.

Sources said the procedure for written vote-taking is that at least one-third of the KP participants must agree and no one should oppose. This is exactly what happened.

The sources said that Zimbabwe had complained privately that it had not received the revised proposal but this is understood to have been sent through the local focal point.

There has been a dispute about who should lead the local focal point in Zimbabwe. Non-governmental organisations which have been campaigning against the admission of Zimbabwe to the KP said they elected Harare lawyer Shamiso Mtisi to head the local focal point at the Jerusalem meeting in November last year.

Mtisi was replacing Farai Maguwu who has also vehemently opposed the admission of Zimbabwe to the KP and was at one time arrested and detained for leaking secret documents to KP monitor Abbey Chikane.

Sources say once the Administrative Decision is approved, Zimbabwe will be able to export its diamonds from Marange without having to wait for the KP monitor’s approval. The decision would also free all diamonds from Marange that are being held in Dubai and Harare.

Reports, however, say Andrey Kutepov, the chairman of the KP Committee on Rules and Procedures, says the new draft should have been discussed first by the Working Group on Monitoring so any decision on the draft is illegal.

It is not clear whether Kutepov’s argument will carry the day but it could scuttle the whole deal sending the matter back to square one.

(22 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Are Zimbabweans giving social media more credit than it deserves?

The role of social media on how people get their news in Zimbabwe is being…

May 3, 2024

Top 20 countries in debt to China- Zimbabwe is not one of them

Ten African countries are amongst the biggest debtors to China, but Zimbabwe is not among…

May 1, 2024

Is Zimbabwe now on the right track?

The Reserve Bank of Zimbabwe’s Monetary Policy Committee, which met on Friday last week, says…

April 30, 2024

Watch: RBZ governor warns those selling ZiG at 20:1 could be buying it at 10:1 in June

Zimbabwe’s new currency further weakened to 13.4407 to the United States dollar today down from…

April 29, 2024

US loses its place as most influential power in Africa to China

The United States lost its place as the most influential global power in Africa last…

April 27, 2024

Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG

The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…

April 26, 2024