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
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