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Paz Reminds the Trade Not to Buy Marange Rough

Jun 29, 2010 9:39 AM   By Jeff Miller
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RAPAPORT... Diamond industry members were reminded today that they should not purchase diamonds originating from the Marange area of Zimbabwe until the Kimberley Process (KP) has approved these exports.

World Federation of Diamond Bourses (WFDB) president Avi Paz advised members that since export approval has not yet been granted to Zimbabwe, any member found buying Marange rough would be subject to disciplinary procedures.

Paz hailed the KP Certification Scheme (KPCS) and emphasized the exemplary role the diamond industry plays in advancing complete transparency throughout the rough-diamond-supply pipeline.

"There is no other industry in the world that has taken regulatory measures similar to that of the KP," Paz said. "In addition, we have seen no other industries come together to assure that its products are untainted. The fact is that the diamond industry is under scrutiny because all parties who are involved have a common interest in protecting the integrity of the global diamond industry and trade and as such, in advancing consumer confidence in diamonds."

LH

Tags: Jeff Miller, Kimberley Process, World Federation of Diamond Bourses (WFDB), Zimbabwe
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Enough of terror
Jul 1, 2010 12:37AM    By Namek
This is becoming ridiculous, aren't the world terrorizing a country for political reasons? Why can't we look real close to the "free world" that we are living in and see the human rights abuses in every day normal practice?
Why Zimbabwe?!! If governments have problems with Zimbabwe's government; the trade of diamonds has nothing to do with that.
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