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Grand auction of diamonds in Zimbabwe, will reach an agreement w
ǀ 05.10.2010 ǀ  Gemology ǀ Reviews: 0

On August 11 there was a great auction of diamonds in Marange Zimbabwe, is that the so-called Kimberley Process-world organization responsible for certifying that diamonds entering the market are not so-called "Blood Diamonds" - reached a controversial agreement with the government of that country, given the large number of reports of human rights violations for the miners by the military and the government of that country.


According to report of Rapaport Network - based organization that connects all diamond dealers in the world, "there was a great relief from those involved in the diamond industry when it came to that agreement, at the summit to be held St. Petersburg, agreement was between the Kimberley Process and the government of Zimbabwe and permitted the export of diamonds in small quantities. This deal came after it conducted a review mission to the country. The meeting was attended by representatives of countries participating in the Kimberley Process.


And although an agreement was reached to have kept some concern about the effect it would have on the world diamond market, as president of Eli Izahkoff World Diamond Council (WDC) - said that "exports of rough diamonds of Zimbabwe does not have an immediate effect on the market since the quantity exported was very small compared with the general system. And the current shortage of rough diamonds in the global market to the export of Zimbabwe would be very desirable for many manufacturers in the country "but nobody wants diamonds without Kimberley Process Certification been a growing awareness by customers to the issue of blood diamonds [1]


Rapaport also lets us know that the agreement maintains certain reserves as "the discussions were often intense but the majority was willing" and yet "the agreement calls on Zimbabwe to establish uniform procedures for the extraction of diamonds in Mozambique" in order to reduce smuggling and illegal trade of diamonds in Marange said Izhakoff "


Against this controversial agreement inevitably touched on the human rights violation but most agreed that such problems could be solved through the implementation of the Kimberley Process.


Another issue that was mentioned but no deal was the need for redefinition of "blood diamonds" or expanding the current definition, as in Zimbabwe there are no problems with the use of diamonds to fund rebel conflicts, much less insurrections, but there are allegations of human rights violations. Eventually came to the conclusion it should help this country because if left out of the Kimberley Process would worsen the situation.


Even with this news Rapaport Network subscribers banned trade in these diamonds, in the controversial certification by the Kimberley Process. But I also hope that the Kimberley Process to enforce the government of Zimbabwe with the procedure certifying that the diamonds can be sold by jewelers who acquire, being sure that they are legitimate diamonds.

This article was published on Tuesday, 05. October 2010.
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