Zim Bans All Diamond Exports

Monday, May 31, 2010

Zimbabwe has banned all diamond exports, including from a unit of Rio Tinto, until gemstones from its controversial Marange fields are certified by the Kimberley Process, state media said on Thursday.

"I have suspended all diamond exports from Zimbabwe with immediate effect until the issue of the KPCS has been sorted out," Obert Mpofu, the mines minister told the state-owned Herald newspaper.

Zimbabwe is yet to get a nod from the Kimberley Process Certification Scheme (KPCS), which regulates the global diamond trade, to sell diamonds from Marange. The government accuses the West of a plot to stop Zimbabwe from benefitting from the resource.

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