Diamonds, News & Features, Resource News
Zimbabwe diamonds make their way to India
By Mineweb · August 23, 2011 · 12:36 am · Leave a Comment
Click here to read the whole story or read an excerpt below.
By Shivom Seth
India’s commerce ministry has given the go-ahead for the import of a shipment of rough diamonds from Zimbabwe valued at over $153 million. The diamonds, mined in the Marange fields, were purchased at an auction in November 2010 and shipped to Dubai. The consignment was kept pending a decision by the Kimberley Process to reinstate the embargo against diamonds from Zimbabwe.
Following the nod from the Kimberley Process’ working group on monitoring, the UAE released the shipment of diamonds on June 29 this year, and the diamonds made their way to India. However, they were again held up at the ports, pending a final approval from the Indian government.
