RapNet threatens members over Zim diamond trading

An international organization promoting the free trade of diamonds threatened to expel members who traded in diamonds from the controversial Marange fields.

In a statement at the weekend, the Rapaport Diamond Trading Network raised concern at reports that some members were trading in the gemstones, despite warnings not to because of the human rights violations characterizing the stones’ mining.

“RapNet continues to ban the trading of any diamonds sourced from Marange, Zimbabwe, even if such diamonds have KP certification. Members found to have knowingly offered Marange diamonds for sale will be expelled and their names will be publicly communicated. RapNet will be publishing new trading rules and ethical guidelines in the near future,” the organization said. “The diamond trade that continued sourcing and legitimization of diamonds involved in human rights abuses threatens the integrity and reputation of all diamonds. We believe it is unethical for trade organizations to refrain from clearly banning the trade in illegal Marange diamonds under the guise of supporting the Kimberley Process.”

RapNet strongly opposed the November decision of the KP to allow the immediate export of diamonds from Marange.

Post published in: News

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