Kimberley Process Strikes Deal With Zimbabwe

ST. PETERSBURG, Russia—The diamond industry is breathing a sigh of relief after Kimberley Process negotiators reached a deal with Zimbabwe that keeps the country in the international certification scheme. The deal, announced at the World Diamond Council’s annual meeting in St. Petersburg, allows the troubled African nation to export diamonds from its Marange fields under strict monitoring and supervision.Many expressed unease with continued reports of violence in the region, but KP supporters worried that if Zimbabwe sold on the black market, it would render the Process meaningless. The stakes grew higher when Namibia’s diamond commissioner, Kennedy Hamutenya, threatened that his country would exit the KP unless Marange exports received a green light. Marange sales were first blocked in November 2009, after a KP monitoring mission found instances of noncompliance with the KP and hu

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).


Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out