Jump to navigation

Vol 7 (AAC) No 1

Published 1st November 2013


Sparklers for Beijing

Chinese companies are seeking new joint venture partners and buying stakes in established companies to increase the supply of rough diamonds to Chinese markets

While Beijing is getting ready to take its turn at the presidency of the Kimberley Process Certification Scheme, Chinese companies are busy launching a new investment drive in the African diamond sector. (The Kimberley Process founded in 2003 groups together consumers, producers, non-governmental organisations and industry actors to check the flow of diamonds from zones of conflict.) China's Anhui Foreign Economic Construction Group has led the charge, first signing a joint venture with Zimbabwe in 2009 (AAC Vol 3 No 12, Blood diamonds and old soldiers) and then with Congo-Kinshasa in March this year (AAC Vol 6 No 7, Kasai mines go to Anhui).

End of preview - This article contains approximately 797 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you have a print subscription already, click here for a password that gives you full access to the website.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.