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    Zimbabwe threatens to break diamond embargo

    Investing News Network
    Nov. 02, 2010 07:34AM PST
    Gem Investing

    The African Manager.com reports that Zimbabwe intends to resume full diamond exports regardless if they have permission from Kimberly Process.

    The African Manager.com reports that Zimbabwe intends to resume full diamond exports regardless if they have permission from Kimberly Process.

    The story is quoted as saying:

    “Our compliance must entitle Zimbabwe to immediately and unconditionally export (diamonds),” he was quoted as saying. “It is now clear that the Joint Working Plan (watchdog’s monitoring mission for Zimbabwe) is no l onger serving the best interest of Zimbabwe. It is now evidently clear that it is being used as a tool to regulate improperly the flow of exports out of Zimbabwe,” he said.

    Click here to access the full story.

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