Rapaport bans trade in Zimbabwe diamonds
- Publishing Date
- 17 Aug 2010 1:21pm GMT
- Author
- Mining Journal
The Rapaport Group, the primary source for diamond pricing, has upheld its ban on trade in diamonds from Zimbabwe’s Marange region, despite the stones being Kimberley Process (KP) certified.
The group said it “strongly advises all diamond buyers not to trade in KP-certified Marange diamonds and to request written assurance from their suppliers that their diamonds have not been sourced from Marange”.
It said that while the KP had certified 900,000ct of diamonds from Marange, KP does not have a mandate to deny its certification for diamonds involved in human rights violations and there is no guarantee that the diamonds are free of human rights violations.
RapNet, the Rapaport Diamond Trading Network, will not allow the trading of any diamonds sourced from Marange, Zimbabwe.
The group maintains its earlier position that members found to have knowingly offered Marange diamonds for sale on RapNet will be expelled and their names will be publicly communicated.
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