Bloomberg reported that Zimbabwe’s first auction of diamonds from its Eastern Marange fields following the European Union’s removal of sanctions has drawn “much interest,” as per the Antwerp World Diamond Centre. The prices fetched by the gems are, however, confidential.
As quoted in the market news:
The EU in September ended sanctions on the sale of diamonds originating from Zimbabwe’s Marange fields. Advocacy groups including Ontario-based Partnership Africa Canada have accused President Robert Mugabe’s ruling party of taking about $2 billion from the fields. The government has denied any misuse of funds.