Restrictions On Zimbabwe Diamonds Eased
By MATTHEW LEE
WASHINGTON (AP) â¿¿ The international body charged with monitoring and preventing the sale of blood diamonds is making it easier for Zimbabwe to export diamonds that are certified as "conflict-free."
Meeting in Washington, the members of the so-called "Kimberley Process" on Friday let lapse a requirement that mining at Zimbabwe's notorious Marange diamond fields be monitored. Allegations of violence and worker mistreatment at Marange led the group to impose monitoring on operations at the field last year.
The U.S. is the outgoing chair of the group and hosted this week's meeting. The three-day session didn't lead to consensus on a new definition for the term "conflict diamond." Discussions on that will continue next year when South Africa takes over as chair.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV