Kimberley Process Undermined By Allowing Zimbabwe Diamonds

Bloomberg reports the Kimberley Process is being undermined by gems from Zimbabwe.

The market news is quoted as saying,

The Kimberley Process has recently certified more than $200 million worth of diamonds from Zimbabwe’s Marange fields, opening up a “Pandora’s box of complex ethical, legal and financial issues” for the industry, Rapaport, which runs a diamond-pricing service, said in a report on its website today.

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