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Diamond trade likely to be banned
09 Jan '07
1 min read
Kimberley Process Certification Scheme (KPCS) received a complaint regarding breach of international rules and regulations last month, which could result into a diamond trade ban for the country.
World Diamond Council's complaint to KPCS Chairman Karel Kovanda is mounting pressure for imposition of diamond ban on Zimbabwe.
River Ranch Limited and Bubye Minerals have entered into a conflict regarding Special Grant 1278 which provides right to mine diamonds. Parties not having authority are prevented from mining in any area by Mines and Minerals Act.
As per the complaint, rough diamonds are smuggled illegally into South Africa from the country's River Ranch mine and also Marange, for exporting under Kimberley validation.
Complaint further states that shipments of rough diamonds were devoid of Kimberley certificate. River Ranch Limited is not legally acquiring the necessary certificates.
World Diamond Council's complaint to KPCS Chairman Karel Kovanda is mounting pressure for imposition of diamond ban on Zimbabwe.
River Ranch Limited and Bubye Minerals have entered into a conflict regarding Special Grant 1278 which provides right to mine diamonds. Parties not having authority are prevented from mining in any area by Mines and Minerals Act.
As per the complaint, rough diamonds are smuggled illegally into South Africa from the country's River Ranch mine and also Marange, for exporting under Kimberley validation.
Complaint further states that shipments of rough diamonds were devoid of Kimberley certificate. River Ranch Limited is not legally acquiring the necessary certificates.
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