Regulators Fail To Agree On Zimbabwe Diamond Trade

Monday, June 28, 2010

Regulators from 70 countries failed on Thursday to agree to suspend trade in diamonds from Zimbabwe after calls by civil society groups to address rights abuses in the African country's Marange diamond fields.

The meeting in Israel of the Kimberley Process (KP), a certification scheme set up to monitor diamond trades, had been due to end on Wednesday but it was extended to allow delegates more time to reach a consensus.

A statement at the end of the four-day meeting said the delegates "could not reach consensus regarding...the work carried out by the KP Monitor to Marange. As such, the meeting ended at an impasse".

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Regulators Fail To Agree On Zimbabwe Diamond Trade

Regulators from 70 countries failed on Thursday to agree to suspend trade in diamonds from Zimbabwe after calls by civil society groups to address rights abuses in the African country's Marange diamond fields.