Diamond

Agreement on Zimbabwe diamond exports is a ‘convincing victory’ for KP, WFDB says

The World Federation of Diamond Bourses (WFDB) has welcomed the agreement reached by the Kimberley Process (KP) recently, calling it “a convincing victory for the Kimberley Process.”

The agreement, which was finalised in St. Petersburg during the 7th Annual Meeting of the World Diamond Council, will enable Zimbabwe to carry out supervised exports of diamonds from its Marange deposit in the east of the country.

“The agreement was the result of persistence and a readiness to continue talking and listening to one another, for as long as it takes,” said Avi Paz, president of the WFDB. Mr Paz was closely involved in the negotiations.

“It also offers conclusive proof of the effectiveness of the Kimberley Process. For nine months, the KP blocked Marange exports, until such time that the country could demonstrate that it was in compliance with KP demands. The Kimberley Process showed that it has real muscle and that it is able to achieve results. The Government of Zimbabwe should also be commended for its flexibility and readiness to find common ground with the KP.”