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Botswana’s Debswana Diamond Company to Cut Staff
Debswana Diamond Company the diamond mining giant which is a joint venture between the Botswana government and De Beers, has informed its employees that it will retrench following a decision by the management to embark on an organisational alignment process...
KP Chair Authorizes Exports of Zimbabwe Diamonds
The chairman of the Kimberley Process Mathieu Lapfa Lambang Yamba of the Democratic Republic of Congo (DRC) has authorized exports of diamonds from Zimbabwe’s controversial Marange fields (east), triggering a chorus of protests from the European Union...
Diamond Output At the Murowa Mine in Zimbabwe Increased By 43% in 2010
United Kingdom-based mining giant Rio Tinto plc said on Saturday that diamond output at its Murowa Mine in Zimbabwe increased by 43 percent to reach 139,000 carats in 2010 despite a slump in production during the last quarter of the year.
Israel Diamond Exchange Expels Rogue Trader
The Israel Diamond Exchange (IDE) has expelled trader, David Vardi, who was arrested last week after attempting to smuggle rough diamonds illegally imported from Zimbabwe.
Israeli Official Arrested Accused of Trying to Smuggle Zimbabwean Marange Diamonds
The controversy surrounding diamonds from Zimbabwe’s Marange mine took a new twist on Sunday amid revelations that a senior member of the Israel Diamond Exchange (IDE) was arrested trying to smuggle into Israel more than $160,000 worth of rough gems...
Florida Man Sentenced for Running $37 Million Ponzi Scheme
Beau Diamond, of Sarasota, Florida, was sentenced to more than 15 years in federal prison for wire fraud, mail fraud, and money laundering in connection with operation of a Ponzi scheme that defrauded approximately 200 investors out of approximately $37...
African Diamond Producers Back Zimbabwe in Fight Against Trade Embargo
The African Diamond Producers Association (ADPA) has rejected calls for an extension of a year-long ban on Zimbabwean exports, describing as sinister attempts by the Kimberley Process (KP) to block trade in the country’s gems, according to an ADPA statement...
Kimberley Process Warns Members Against Trade in Zimbabwe “blood” Diamonds
The diamond industry watchdog Kimberley Process (KP) has placed its members on high alert amid allegations that Zimbabwe has exported a US$160-million parcel of diamonds to India in violation of an embargo on trade in gems from its controversial fields.
