Obert Mpofu dismiss RapNet plans on Marange diamonds

Obert Mpofu dismiss RapNet plans on Marange diamonds
Published: 06 January 2012 (1328 Views)
Mines and Mining Development minister Obert Mpofu this week dismissed RapNet's plan to stop its members from trading in Marange diamonds, saying the diamond trading network did not control diamond trading globally.

The chairman of the Rapaport Group, Martin Rapaport said the network would delist its members who traded in Marange gems, adding the stones could easily be identified due to their green tincture.

Rapnet, is part of the Rapaport Group, an international network of companies that sets out to provide added value services that support the development of free, fair, efficient and competitive diamond and jewellery markets.

However, Mpofu ridiculed RapNet's claims that the network was a leading diamond trading network, saying the country would continue shipments of Marange diamonds into international market.


- businessdigest

Tags: Diamonds,
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