India Blocking Dubai Shipment, Won’t Accept Good's KP CertificatesAugust 06, 11
The long saga of these Marange goods is ongoing. Indian dealers bought the parcels in question during a small window of opportunity in November 2010, paying an estimated $160 million for them at a tender. The appointed Kimberley Process (KP) monitor Abbey Chikane has hastily certified the goods in
The UAE custom authorities held the goods at the request of the KP Working Group on Monitoring (WGM). Under pressure of the UAE authorities, the WGM gave a nod of approval in the minutes of a June meeting, but did not issue a statement approving the exports.
The UAE Kimberley Process office has subsequently approved the release and export of the 14 parcels.
As IDEX Online first reported, despite the approval, only some of the goods were exported.
The first few parcels were shipped to
Once the first few parcels were stopped, the dealers who had bought the Marange goods decided not to ship the rest. Consequently, most of the goods are still in
Industry insiders said they were hopeful of a favorable response from the government sometime next week.