KPCS team in Zim to assess diamond sector

By Stanely James Business Èditor
A mission from the Kimberley Process Certification Scheme (KPCS) is in Zimbabwe to evaluate the diamond mining industry’s compliance to best practices of mining and trading the gems.

Zimbabwe’s last KPCS review was in 2012 and the latest evaluation has been described by experts in the mining industry as a platform for the country to show further progress in terms of compliance.

Institute of Mining Research Chairperson, Dr Lyman Mlambo says the global regulatory body’s visit to Zimbabwe is also an opportunity for government to forge ahead with the growth of the capital intensive but viable diamond mining sector.

“Indeed the team arrived in Zimbabwe on Sunday and its already in the process of its review meeting, basically it is a good platform for the sector to share its views and gets feedback, we are hopeful about the visit due to progress being made by Zimbabwe in the entire diamonds mining value chain,” he said.

With the team expected to also hold talks with government, private sector and civil society organisations about the state of the diamond mining sector, Economic Analyst, Mr Edward Chimedza explained the importance of the assessment.

“Zimbabwe as currently the vice chair should indeed focus on modalities to ensure accountability and ensure growth is based on results as well as commitment to adhere to the required regulations,” he noted.

The KPCS’ findings will be revealed to the public by the end of the week after its tour of diamond mining areas and entities across the country.

The KPCS as the global regulator of diamond mining also enables nations, governments and organisations to share their expertise and insights on diamond trade issues.

Zimbabwe is currently the vice chair of the KPCS after being selected at the annual plenary meeting last year.