Zimbabwe has sold almost four tonnes of ivory for $487,162, the third in a set of four auctions approved under an international agreement, to sell off stocks of Elephant ivory, from natural deaths or the culling of herds to keep the population under control.

Local auctioneer Keni Mubaiwa of K. M Auctions conducted the auction.

The funds will be used to support the conservation of elephants and livelihoods of communities that live adjacent to national parks.

CITES, which regulates international trade in endangered species, is allowing four African countries to hold one-off sales only to buyers from China and Japan.

Posted: 11|4|08 at 9:58 am. Filed under: Auction News.