The Jerusalem post.com reports that last week's meeting of the Kimberly Process in Jerusalem failed to produce the necessary regulatory changes for the export ban to be lifted from Zimbabwe's diamond exports.
The Globe and Mail.com reports that Zimbabwe will not be deterred at the attempts from the Kimberly Process to regulate their industry.
Reuters.com reports that as Zimbabwe claims that it has met all of its regulatory terms, it intends to resume selling diamonds from the controversial Marange fields.
The fight for control of natural resources is heating up between the two fastest growing economies. In a secret deal with Zimbabwe, the Chinese military has secured permits to mine the Marange diamond fields. India, looking to control its supply of rough stones for Surat’s cutting and polishing sector is looking to aide African Nations with medicines, and infrastructure projects.
Global Diamond industry is undergoing a strong transition towards growing demand for "conflict-free" or "violence-free" or ethical diamonds- guaranteed to originate from ethical and environmentally responsible sources. This transition is in response to the growing awareness among people and consumers worldwide about the so called "Blood diamonds"
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