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    KP under scrutiny over Zim diamond

    Investing News Network
    Jan. 20, 2011 12:24PM PST
    Gem Investing

    The Zimbabwean reports that the Kimberly Process is coming under fire for a newly amended deal, which will allow exports from the Chiadzwa diamond fields.

    The Zimbabwean reports that the Kimberly Process is coming under fire for a newly amended deal, which will allow exports from the Chiadzwa diamond fields.
    The story is quoted as saying:

    KP members this week voted in favour of an amendment to an agreement that was proposed last November in Jerusalem, an agreement that was turned down by the Zimbabwean authorities. Zimbabwe was suspended from exporting its diamonds in 2009 because of rights abuses at the Chiadzwa diamond fields, including violence and smuggling. The country’s Mines Ministry insists that such abuses have stopped, and have threatened to sell the diamonds without KP approval.

    To access the full story, click here.

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