More Trouble for Marange

The Kimberley Process finally permitted the export of thousands of controversial diamonds from Zimbabwe’s Marange fields, but two prominent industry institutions say jewelers still shouldn’t carry them.The 900,000-carat tender on Aug. 11 marked the first legal sales of diamonds from the area since November 2009, when the KP banned them from world markets after reports of government violence against local diggers. Yet ­Jewelers of America warned retailers that buying certain Marange diamonds may be a violation of U.S. law, and online network RapNet actually banned them.  JA noted that U.S. sanctions forbid companies here from working with ­certain entities involved in the sale, including the Zimbabwe Mining Development Corp. (ZMDC) and Zimbabwe president Robert Mugabe’s wife, Grace, who has business interests in the ZMDC; on its website, JA said that purchasing the diamonds
JCK PRO

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).

SUBSCRIBE TO CONTINUE

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