Zimbabwe threatens to break diamond embargo

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.

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