The Zimbabwean government initially cooperated with the illegal diamantaires in "extensive theft" of diamonds from the Marange region (Marange) before their relationship soured. This was reported by the reporters of the newspaper Zimbabwe Independent.
The newspaper quoted the executive director of Zimbabwe's Natural Resources Management Center (Centre for Natural Resource Governance) Farai Maguwu (Farai Maguwu), who said that the Minerals Marketing Corporation of Zimbabwe (MMCZ) in collaboration with the Reserve Bank of Zimbabwe (RBZ) conducted an all-out buying diamonds in 2007 from miners.
MMCZ wholly owned by the Government of Zimbabwe and to act as exclusive agent for the marketing and sale of minerals produced in the country, with the exception of gold and silver.
"MMCZ and the RBZ came in Marange and conducted an all-out buying diamonds from miners with Zimbabwean dollars", - said Maguwu.
"The miners celebrated these events and sought to sell diamonds mined government - he continues -. However, in the same period, we observed an increase in the number of foreign buyers, who used to buy diamonds have American dollars."
Maguwu also claimed that an influx of foreign buyers has become a concern of the Government, as the miners began to avoid officials from MMCZ and RBZ in favor of foreigners.
"After the government found that the miners selected foreign buyers, a number of events, and as a result, foreign buyers have settled in Mozambique, - he said -. Prospectors began then to carry diamonds across the border in the province of Manica in Mozambique to meet with foreign customers. "
Maguwu also claimed that Harare then conducted an operation code-named "No refund", which resulted in more illegal miners were killed.
Nevertheless, the government of Zimbabwe has denied all charges.
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In November, diamond prices have strengthened, supported in connection with the shortage of some product categories, as well as due to seasonal demand, according to a press release issued by Rapaport Agency. Prices rose for the first time in six months. Meanwhile, the excess supply in the diamond pipeline is maintained.
RapNet Index for certified diamonds GIA odnokaratnyh rose 0.7% in November, for the first time in six months. Index for stones weighing 0.3 carats added 3.3% and 0.5 carat diamonds weight increased by 1.1%. The index figure for the 3-carat diamond fell 0.6%. From the beginning, the price index for odnokaratniki decreased by 7.1%.
"This is the first time in six months, when the growth index is observed for stones weighing 1 carat, and the first time in 17 months, when growth reached 30 points. Perhaps the worst in terms of reduction of prices for polished diamonds left behind, but the shortage of diamonds leads to a reduction in trading profit in sales and decrease ", - said Martin Rapaport (Martin Rapaport), president of the Rapaport Group.
According to the report, market sentiment remains fragile, despite the November uptrend. Inventory levels declined, but remain higher than usual at this time of year. Demand for diamonds has fallen to a record low: the volume of the November Site De Beers estimated to be approximately $ 70 million, and in December predicted another very small site because of De Beers ongoing high prices for raw materials policy, the report said. Auction sales of diamonds rose as the price of raw materials was exhibited to them as diamond manufacturers are looking to buy stones outside De Beers and Russia's contract system. However, activity in the secondary market is not, as with the current level of commodity prices the profitability of diamond producers is extremely limited.
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