20 February 2018
   
Tsvangirai: Chaos over burial rituals
PICTURE: AU chief meets 'happy' Mugabe
'Gem dealers pretend to be refugees'
No civil service wage hike: Chinamasa
Moyo, Zhuwao blast AU for ED support
Chamisa rejects MDC-T congress demands
- Maintains he was anointed by ex-PM
Thousands bid Tsvangirai farewell
MORE NEWS
Stay out of politics, foreign warned
Govt plans tobacco, gold diaspora bonds
MORE BUSINESS
Actress new Miss Zim licence holder
How exile shaped Hugh Masekela
MORE SHOWBIZ
Rusike still has Europe in his sights
'Liverpool squad best I've coached'
MORE SPORTS
New era: Changing Zimbabwe’s past
When Zimbabwe was world's freest economy
MORE OPINION
 
MDC-T succession: heads or tails?
Tamborinyoka on boss Tsvangirai
MORE COLUMNISTS
 
 
Diamond sales to be held in secret: ministry
08/09/2010 00:00:00
by Staff Reporter
 
 
RELATED STORIES
Gemmology center in Mutare soon
UNDP: Zim so rich it can be Africa's NO 1
Diamonds funding state terror: global group
Gvt says diamonds sector dead, engages Chinese
Marange villagers still wait for compensation
De Beers’ Marange ‘looting’ files missing
De Beers maintain Marange denial
NGOs step-up anti-Marange fight
Israeli diamond smuggler expelled
Israelis held over diamonds
Zim blasts 'jealous howling' over Marange
Europeans keen on Zim diamonds
Zim boycotts new KP talks
Africa diamond producers blast KP
Kurotwi freed on technicality
Diamond execs deny fraud
Chiadzwa swindle 6 in court
Zim defiant after KP stalemate
KP maintains Zim diamond embargo
6 held over $2bn Marange fraud
AAG says KP future at stake
Australia, US pose KP roadblock
Diamond exports to resume: Mpofu
AAG joins Marange fray in Israel
'Nasty fight' expected over Marange
Mpofu claims new diamond discoveries
Miners to sell 10pc diamonds locally
Second diamond auction held
Court strips ACR of Marange claim
Zim to polish, cut own diamonds
Zim eyes $2bn annual diamond windfall
Indian buyers bought 83pc auction diamonds
Mpofu dismisses US group's Marange ban
Diamond auction raised $72 million
Diamond geezers arrive for auction

ZIMBABWE will not announce the sale of diamonds in future for security reasons and in line with international standards, the Mines Ministry said.

The Mines and Mining Development Ministry said diamond sales should be private like anywhere else in the world.

However, the ministry said keeping the lid on future sales did not mean that government was hiding something, as maintaining the requisite security standards was critical towards successful diamond sales.

Diamond buyers preferred to bid for the precious stones far from the prying attention of the media, it said in a statement

Zimbabwe last month sold 1,1 million carats of diamonds from the two companies mining in Chiadzwa - Mbada and Canadile -- after industry regulator the Kimberly Process Certification System allowed a once-off supervised sale while it checked levels of compliance with minimum production standards.

The KPCS had last November banned sale of the gems after some Western countries and civic groups alleged human rights violations in their production.

In terms of the agreement Zimbabwe reached with the KPCS, a second supervised sale would be conducted this month after which if the regulator was satisfied, the country would be allowed to resume sales without conditions.

Zimbabwe grossed US$54,5 million from the August supervised sale after the two mining companies in which it owns 50 percent took their share.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker