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The Kimberley Process Is on the Brink of Collapse
Jul. 04, 2011 07:50AM PST
Gem InvestingThe Australian reports that the Kimberly process, which is a process put in place to rid the world of “blood diamonds, is failing.
The Australian reports that the Kimberly process, which is a process put in place to rid the world of “blood diamonds, is failing.
The market news is quoted as saying,
President Mugabe’s henchmen have earned millions from illegally mined gems that are smuggled into Mozambique, but a decision to allow legal exports could give the ruling Zanu(PF) party a lifeline and allow it to buy victory in elections, expected later this year or early in 2012.
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