By Staff Reporter
With the first Kimberly Processing Certification Scheme (KPCS) review in more than a decade scheduled for May, Zimbabwe assumes Chairmanship of the African Diamond Producers Association and the KPCS next year.
The mining sector is poised for a further leap as the country is set to assume the chairmanship of the global diamond trade regulatory arm.
This comes as a double dose of good fortune as the country is set to chair the African Diamond Producers Association, a development that is expected to catapult the country’s rough diamond trade’s scope on the global market.
“April 22, we are assuming chairmanship of the African Diamond Producers Association which helps an intergovernmental Association which seeks to attract quality buyers, this will influence pricing markets,” said Polite Kambamura Deputy Minister of Mines and Mineral Development.
With the country’s compliance to the global diamond regulatory practices under the KPCS framework set to be reviewed in May for the first time in a decade, the Deputy Minister of Mines and Mineral Development underscored the importance of the re-engagement drive.
The Kimberly Process compliance assessment among member states is conducted after every 5 years and Chairmanship is on a rotational basis.