Connect with us

Hi, what are you looking for?

LOCAL NEWS

400 delegates take off for Diamond Indaba in Zimbabwe

RioZim

Next week, some 400 delegates from 59 nations—among them Zimbabwe—will gather in Victoria Falls for the Kimberley Process Certification Scheme (KPCS) conference. Among other things, the discussions will centre on limiting the trade in “conflict diamonds.”

Zimbabwe took over as KPCS chairperson for 2023 last year.

In order to promote transparency and end the trade in conflict diamonds, the KPCS was established in 2003 in response to UN Security Council Resolution 1459.

Conflict diamonds are those that come from regions under the authority of groups or forces that resist acknowledged, legitimate governments on a global scale and are used to finance military operations against such countries or in defiance of Security Council resolutions.

Zimbabwe will formally inaugurate the KPCS plenary session, which runs from Monday to Sunday next week, according to Dr Polite Kambamura, Deputy Minister of Mines and Mining Development.

Advertisement. Scroll to continue reading.

400 delegates from 59 different nations are anticipated for the gathering. Official opening remarks will be made by the KPCS chair from Zimbabwe in 2023.

The definition of “conflict diamonds,” peer review visits to evaluate compliance, the Kimberley Process Review Reform Cycle, and the creation of a permanent secretariat for the Kimberley Process are the main topics that need to be covered, he stated.

The KPCS’s 2023 Communique, which will be presented to the UN in March of next year, as well as the settlement of restrictive measures in the Central African Republic, will also be major topics of discussion.

All nations that are able and willing to carry out its conditions are welcome to join the KPCS.

With the European Union and its 27 member states counting as a single participant, the KPCS has 59 participants, representing 85 countries, with the European Commission serving as its representative.

Advertisement. Scroll to continue reading.

Members of the KPCS make up over 99.8% of the world’s total rough diamond production.

About 4.2 million carats of diamonds were realised by Zimbabwe from Chiadzwa last year, and the proceeds brought in $220 million.

As per the GlobalData Research Centre, Zimbabwe ranked eighth globally in terms of diamond production in 2022.

Three percent of the world’s production is accounted for by Zimbabwe; the top producers are the Democratic Republic of the Congo, Botswana, Canada, and Russia.

According to Zimbabwe’s new Diamond Policy, Chinese company Anjin and Russian miner Alrosa are permitted to extract diamonds, making them active producers in the country. RioZim-Murowa is also a producer.

Advertisement. Scroll to continue reading.
For Feedback and Comments Please Contact Us On WhatsApp: +27 82 836 5828
Join Our WhatsApp Channel - https://whatsapp.com/channel/0029VayakkT60eBljXo25N2V

For comments, Feedback and Opinions do get in touch with our editor on WhatsApp: +44 7949 297606.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Catch More Updates Below

BUSINESS NEWS

The government is thinking about a new way to pay back the country’s debts to other countries. The plan is to use Zimbabwe’s rich...

Crime & Courts

Limpopo, South Africa – A 48-year-old Zimbabwean national, Stephen Nyoni, has been remanded in custody after appearing before a South African court in Limpopo....

BUSINESS NEWS

Harare, Zimbabwe – Africa Sun Limited has announced its intention to seek shareholder and regulatory approvals for the proposed sale of the iconic Monomotapa...

LOCAL NEWS

Zimbabwe is once again rocked by scandal – this time involving a jaw-dropping $162 million deal that’s turning heads and sparking outrage across the...

LOCAL NEWS

A new agreement between Zimbabwe and Belarus aimed at overhauling Zimbabwe’s healthcare infrastructure—beginning with the Parirenyatwa Group of Hospitals—has raised eyebrows over transparency and...

LOCAL NEWS

A legal battle unfolding at the High Court of Zimbabwe has revealed serious claims of fraudulent land dealings involving the Ministry of Local Government...

LOCAL NEWS

The Zimbabwean government may have spent up to US$10 million on Friday’s Independence Day celebrations, which were overshadowed by shoddy infrastructure and a rain-soaked...

LOCAL NEWS

Zimbabwe’s government has announced an initial pay-out of US$3m (£2.3m) to white farmers whose farms were seized under a controversial government programme more than...

Advertisement