Bourse issues strong demand for the restart of Zimbabwe rough exports.
The World Federation of Diamond Bourses (WFDB) has urged the members of the Kimberley Process (KP) to resolve the ongoing internal disagreements on the issue of rough diamond exports from Zimbabwe.
The WFDB is asking for immediate action, and is suggests the decision to allow rough diamond exports from all area of the country – including Marange –j will be “courageous”.
President of the WFDB Avi Paz said: “The KP, due to the deadlock in its decision-making process and its experts’ ebsuing indecision to allow rough diamond exports from Zimbabwe to resume, is about to cause irreparable famafe thought the entire supply pipeline of our industry and trade, and threatens the livelihoof of literally millions of people throughout the international diamond and jewellery sector.”
Paz emphasized that through its continued impasse in its decision making, the KP bears direct responsibility, not only for the reputational damage done to the diamond and jewellery sector, but also for a significant part of the economic hardship that continues to befall the people of Zimbabwe.
"While the diamond industry and trade is in a position to contribute to the betterment of many Zimbabwean citizens, the inaction of the KP, its members and its experts is now the major stumbling block toward real progress" he added.
Meanwhile, the WFDB president stressed that along with its strong statement, it had instructed all members of the WFDB to continue to follow the KP’s and the WFDB’s clear directives not to trade in rough diamonds without the proper KP certification.
"The KP members and experts need to come and face reality and resolve the ZIM issue once and for all. I urge them to do so soonest," Paz stated.