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Bad business for diamond smugglers in Côte d’Ivoire

Investing News Network
Dec. 07, 2010 12:08PM PST
Gem Investing

The Africa Report.com reports that groups are lobbying hard in Côte d’Ivoire to have a ban on Diamond exports lifted.

The Africa Report.com reports that groups are lobbying hard in Côte d’Ivoire to have a ban on Diamond exports lifted.

The story is quoted as saying:

The reasons evoked by those who want to lift the embargo are very simple: since there is no longer any conflict, it’s no longer necessary to talk of conflict diamonds,” explains Michel Yoboué, head of the Abidjan-based Extractive Industries Advocacy Research Group. The group is pushing for interim measures to ease the ban, including the creation of a state buying house, approving a list of approved diamond buyers or ensuring Kimberley Process certification for Ivorian mines.

To access the full story, click here.

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