Chinese firm begins Zimbabwe diamond sales

Tue Dec 6, 2011 9:24am GMT
 

By MacDonald Dzirutwe

HARARE (Reuters) - Chinese-owned Anjin Investments has started selling its 2 million carats of stockpiled diamonds mined in Zimbabwe after global gem regulator Kimberley Process allowed the firm last month to begin exports, state media reported on Tuesday.

The Kimberley Process last month paved the way for Zimbabwe to sell diamonds from Marange fields after the United States, Canada and the European Union dropped their objections, ending two years of dispute that divided the Kimberley Process.

The United States said it had agreed to a compromise for the export of gems that human rights groups say are tainted by abuses, to prevent the paralysis of the global system for stopping trade in "blood diamonds".

On Tuesday, the government controlled Herald newspaper reported that Anjin had held an auction with foreign buyers in Harare on Monday, which was expected to continue on Tuesday.

"The response from the buyers was pleasing. The buyers were from various countries in the world," Prince Mupazviriho, a permanent secretary in the ministry of mines told the paper.

Mupazviriho was not immediately available for comment on Tuesday.

There are five companies with licences in Marange, but only three are mining diamonds, namely state-owned Marange Resources, state joint venture firm Mbada Diamonds and Anjin.

Security forces seized the Marange diamond fields in eastern Zimbabwe in 2008 and human rights groups say at least 200 illegal miners were killed and that smuggling is rife and some mines remain in military hands -- all charges denied by Harare.   Continued...

 
Powered by Reuters AlertNet. AlertNet provides news, images and insight from the world's disasters and conflicts and is brought to you by Reuters Foundation.