Zimbabwe diamonds have some of the most brilliant materials on Earth. They are preparing to sell its rough diamond stock from its troubled Marange territory. Zimbabwe diamonds from this region are not on the market. Zimbabwe seeks better returns on its rough diamonds.
Chinamasa explained that the government was working on improving transparency in its diamond sector. In order to "demystify diamonds" and "but all information on the table so that we can see more intelligently on this subject." Already underway are discussions to raise the country's profile as a major diamond producer and manufacturing country. Zimbabwe also held that second auction of rough diamonds in Antwerp in late February. The company goes by the name of First Element. A Botswana company involved in the auction mention that its next auction would be "substantially bigger" than the December sale.
The Belgium government issued its "Resolution to the European Community on the Kimberly Process." As well as optimize monitoring, follow-up and thinking processes. The first request was to "monitor the compliance and the safeguarding of a credible Kimberly Process."
While acknowledging that the definition of the conflict diamonds is "difficult."
The Belgium government requested that the European Community "devote itself to formulate a definition of the diamonds certified by the Kimberly Process, which unequivocally and definitely provides for the exclusion of the production and the processing, as well as the tray of rough diamonds that can be linked (financially or not financially) to an armed conflict, violence or serious human rights violations." Among
Among other requests, Belgium requests that the European Community "encourage" the Kimberly Process to finalize a definition of the "conflict diamond concept." In response, Peter Meeus, chairman of the Dubai Multi-Commodities Centre, noted that there are hardly any conflict diamond and asked, "who is 100 percent perfect?" While respecting human rights is "beyond question," he pointed out "contrary to what is assumed and suggested, diamonds are pioneers and should be considered a model for other raw materials." He questioned whether nongovernmental organizations (NGO) seeking funds need "blood diamonds" in order to exist.
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Representatives from the country of Cameroon visited Angola to learn about the procedures involved in the Kimberly Process. Cameroonian officials the week in Angola with the team of experts will instruct and then create internal controls. Moreover, diamond tracking from mining to export as a requirement of the Kimberly Process Certification Scheme (KPCS).
Obert Dube, the CEO, Wilfred Munemo, and their chief finance officer along with their chief security officer were among the executives on leave until they finish the investigation. Minister of Mine and Mining Development, Walter Chidhakwa ordered a probe into the firm's operations. This comes following the allegations of illegal practices, for corporate governance and noncompliance. He expressed concerns that the company failed to remit "reasonable" money to the government. The Herald reported that the auditors found dubious procurement figures for the managements personal gain. "There are indications that management may have been doing that in connivance with officials from other sectors of ministry.
Zimbabwe Diamonds from the Marange region have brilliant materials.