Indian government blocks Zimbabawe roughs

The Indian Government's Union ministry of Commerce has put the brakes on the import of controversial gems from Zimbabwe and has asked the gems and jewellery exporters and traders to bide their time till the issue is amicably resolved with the Zimbabwe government.

The move is a major setback to the Surat Rough Diamond Sourcing India Limited (SRSDIL), which had inked a deal amounting to $1.2 billion per annum, to import roughs from Zimbabwe.

With India emerging as a big consumer market for diamond-studded jewellery, in addition to being a major exporter, the last two auctions of Kimberley Process (KP) certified goods reflected a healthy participation by Indian diamantaires, especially those from Surat.

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

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