Friday, 5 August 2011

Bulawayo24 NEWS | Dubai refuse to release $160 million worth of Zimbabwe diamonds

A large portion of the $160 million worth of rough diamonds that arrived in Dubai from Zimbabwe's Marange field are still in Dubai, according to Ahmed bin Sulayem, executive chairman of the Dubai Multi Commodities Centre (DMCC).

According to Sulayem, the Kimberley Process (KP) has not cleared the goods remaining in Dubai. Those goods that were cleared were shipped to India, he said.

'The situation is unfortunate and the gridlock affects the KP and the whole diamond community. One way or another, it needs to be sorted out,' Sulayem added.

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