Zimbabwe in Talks Over Distributing Marange Diamonds
May 16, 13
(IDEX Online News) – Zimbabwe is trying to reach an agreement to distribute its stones directly to China, Dubai and Israel without violating rules against the sale of gems from the Marange fields, said Chris Mutsvangwa, chairman of the state-owned Mineral Marketing Corporation Ltd.
The United States may become involved in discussions, Mutsvangwa was cited by Bloomberg News as saying on the sidelines of a Chamber of Mines annual meeting.
The proposal wouldn’t violate rules because Zimbabwe outside of Marange was certified compliant in 2010.
Zimbabwe produced eight million carats of diamonds in 2012 worth $865 million, according to the report.
Diamonds from Marange still face U.S. sanctions.