Zim `looks east` for diamond sales
Harare – Zimbabwe on Monday shrugged off a ban by a major diamond trading network on gems from its controversial Marange diamond fields, saying it was sure to find buyers in Russia and Asia.
The US-based Rapaport Diamond Trading Network, or RapNet as it is known, warned in a statement on its website that it would publicly denounce and expel any of its members who dealt in Marange diamonds.
The network links thousands of diamond suppliers and buyers across the world.
RapNet founder Martin Rapaport said that although the global diamond watchdog called the Kimberley Process (KP) had authorised Zimbabwe last week to sell nearly 900 000 carats of [continue reading]