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US firm blacklists Marange diamonds

by Staff reporter
27 Jun 2019 at 08:13hrs | Views
Washington headquartered Blue Nile has blacklisted diamonds from Zimbabwe due to reported human rights abuses in the Marange diamond district in a major blow to efforts to generate more revenue for the forex-starved economy.

Zimbabwe diamonds have been under the spotlight since commercial production started in 2009 and seemed to have been passing all compliance issues after the formation of the Zimbabwe Consolidated Diamond Company (ZCDC) in 2015.

However, reports that ZCDC executives had opened the fields to small scale miners was judged as being tantamount to conflict creation.

Source - Business Times

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