GOLD 1563.57 $/ozChange: -2.08
PLATINUM 1423.50 $/ozChange: 0.00
R/$ exchange 8.37Change: 0.03
R/€ exchange 10.48Change: 0.07
 
We have detected that the browser you are using is no longer supported. As a result, some content may not display correctly.
We suggest that you upgrade to the latest version of any of the following browsers:
         
close notification
powered by
Advanced Search
 
 
 
Home
 
Most Popular Articles
 
 
DIAMONDS
Rapaport bans Zimbabwe stones
 
16th August 2010
TEXT SIZE
Text Smaller Disabled Text Bigger
 

JOHANNESBURG (miningweekly.com) – Diamond trading network RapNet has warned that it would expel any of its members which knowingly offer diamonds mined at the Marange diamond fields in Zimbabwe, for sale.

This was despite the Kimberley Process (KP) having allowed limited diamond exports from the Marange diamonds fields to resume, following a suspension earlier this year.

RapNet parent company, the Rapaport Group, informed members in a trade alert notice on its website that, while the trading of Marange diamonds was legal in some jurisdictions, it was still illegal for US, European Union (EU) and UK citizens or entities to knowingly trade in these diamonds, owing to government sanctions.

“We strongly urge members to contact their suppliers and obtain written assurances that they are not being supplied Marange diamonds. US, UK and EU members may have a legal obligation to do so and should consult their legal advisers,” the group stated.

Rapaport said that the KP has certified about 900 000 ct of rough diamonds from Marange since the export ban was lifted.

It noted, however, that there was no assurance that diamonds with KP certification were free of human rights violations.

Human rights groups had, in the past, criticised the export of diamonds from the Marange area, where security forces were said to be committing serious human rights abuses.

“Based on the above legal and moral considerations, RapNet will continue to forbid the trading of any diamonds sourced from Marange, Zimbabwe, on our network,” it said.

Edited by: Mariaan Webb

To subscribe to Mining Weekly's print magazine email subscriptions@creamermedia.co.za or buy now.

Subscribe Now Login