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This article participates on the following special index pages:
Marange, Chiadzwa and other diamond fields and the Kimberley Process - Index of articles
India
approves release of seized Marange diamonds
Dilipp S Nag,
Diamonds.Net
August 23, 2011
View this article
on the Diamonds.Net website
India formally
approved the release of Marange
diamonds that were seized by Indian customs officials after
goods arrived in the country from Dubai.
''Formally,
it is done by the government and the parcel will be released,''
Rajiv Jain, chairman of the Gem & Jewellery Export Promotion
Council (GJEPC), told Rapaport News.
The Kimberley
Process's United Arab Emirates (UAE) office this past month allowed
export of 14 packets of Marange diamonds held in Dubai since November
2010. But Indian customs officials seized the goods after it reached
in the country, pending final approval from the government.
Jain stated
that most of these diamonds were purchased by diamantaires in Surat.
These diamonds could be worth more than $100 million, but the final
estimate on the total value is yet to be ascertained, he added.
The Times of India cited unnamed sources saying the goods were worth
about $153 million (INR 7 billion).
These diamonds
were originally shipped to the UAE from Zimbabwe after the Kimberley
Process intercessional meeting in Jerusalem, on November 1, 2010,
but before the Kimberley Process Certification Scheme imposed an
export ban on Marange diamonds 16 days later.
The approval
for exporting these packets from Dubai was the result of deliberations
in the Kimberley Process working group on monitoring at the recent
intercessional meeting held in Kinshasa, the Democratic Republic
of the Congo.
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