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Zimbabwe Sought to Flout Kimberley Pact With Gem Sale, Rights Groups Say

Investing News Network
Aug. 31, 2011 10:55AM PST
Gem Investing

Bloomberg reports two human rights groups say Zimbabwe breached an international agreement.

Bloomberg reports two human rights groups say Zimbabwe breached an international agreement.

The market news is quoted as saying,

The Kimberley Process, which monitors the export of so- called conflict gems, in 2009 placed restrictions on sales from Marange, near Zimbabwe’s border with Mozambique, after a review mission found human-rights violations and smuggling. In 2009 two monitored sales were permitted, and in June the Process allowed the resumption of exports, with the condition they would be monitored.

For the complete market news, click here.

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