Market NewsNewsCAR struggling to resume diamond exports, report

CAR struggling to resume diamond exports, report

Despite a partial lifting of a ban on its diamond exports, the Central African Republic (CAR) is struggling to restore sales and seeing only a fraction of the tax revenue it once did, its mining minister said in an interview, Reuters reported.

As a member of the 81-nation Kimberley Process which certifies ethical diamond exports, CAR was banned from exporting diamonds in 2013 after rebels seized power, the Reuters report said.

In 2016, the ban was partly lifted, with CAR allowed to resume sales from five “green zones” from which the then newly-elected government could enforce the Kimberley Process to certify diamonds are conflict-free, the Reuters report said.

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