Zimbabwe: Country Runs Million-Carat Diamond Auction

source: allAfricaRadio France Internationale (Paris)
11 August 2010

Zimbabwe on Wednesday held the first auction of diamonds from its Marange mines since international regulators lifted a ban on the fields’ stones. About 900,000 carats of rough diamonds – valued at about 56 million euros – went on sale, according to trade watchdog the Kimberley Process.

Buyers from the US, Israel, Russia, Lebanon and India attended the auction, which took place behind closed doors at Harare airport.

The Kimberley Process (KP) blocked the sale of Marange diamonds in November 2009, following allegations of human rights abuses by soldiers sent in to seize control of the area’s mines.

The regulator partially lifted its ban last month. Its monitor in Zimbabwe, Abbey Chikane, has made several visits to the Marange fields in the past week and continues to [continue reading]

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