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(TALKZIMBABWE) India to resume Zimbabwe diamond imports

India to resume Zimbabwe diamond imports
By: Sify-TZG
Posted: Thursday, January 20, 2011 9:18 pm

INDIA says it will resume diamond imports from Zimbabwe as the country has agreed to abide by the Kimberley Process terms. A large part of Zimbabwe's rough diamonds will go to India for processing and polishing.

Two consortiums of processors and exporters are readying to negotiate and import rough diamonds from Zimbabwe, on behalf of their members. Rajiv Jain, Chairman, Gem and Jewellery Export Promotion Council, said, "It is good that the issue with Zimbabwe has been resolved.

"Imports of roughs from there will provide a boost to processors in India and help provide additional work to their labour (force)."
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A couple of consignments were earlier contracted and were held up at the Dubai free trade zone, pending a Kimberley Process certificate.

These can now be released.

Spokespersons of two consortiums, Diamond India Ltd and Surat Rough Diamond Sourcing Company, have confirmed they would be negotiating further imports from Zimbabwe.

Labels: DIAMONDS, INDIA, KIMBERLEY PROCESS

posted by MrK @ 5:29 AM