'Indecision on Zimbabwe Causes Irreparable Damage'
May 26, 11(IDEX Online News) - The World Federation of Diamond Bourses (WFDB) on Thursday called on members of the Kimberley Process to resolve their internal disagreements on the issue of rough diamond exports from
The WFDB said that a courageous decision on exports is essential.
"The KP, due to the deadlock in its decision-making process and its experts' ensuing indecision to allow rough diamond exports from Zimbabwe to resume, is about to cause irreparable damage throughout the entire to supply pipeline of our industry and trade, and threatens the livelihood of literally millions of people throughout the international diamond and jewelry sector, " said WFDB President Avi Paz.
Paz emphasized that by perpetuating the current impasse in its decision making, the KP bears direct responsibility, not only for the reputational damage done to the diamond and jewelry sector, but also for a significant part of the economic hardship that continues to befall the people of Zimbabwe.
"The inaction of the KP, its members and its experts is now the major stumbling block toward real progress," Paz said, warning that there is a real danger that the relevance of the KP itself will be at stake.