Kimberley Process


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Kimberley Process

A structure set up to ensure that diamonds sold internationally do not finance wars or other conflicts. Countries subscribing to the Kimberley Process must put in place regulations requiring diamond dealers to buy diamonds only from known sources. Diamonds shipped across international borders must be certified as conflict-free or they may not be sold. The Kimberley Process was established in 2003.
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The Kimberley Process, which represents 75 nations, aims to prevent the trade of "blood diamonds" that fuel wars around the world.
Kimberley Process had imposed a ban on mining in Marange fields in November 2009 after investigators were convinced that allegations over soldiers' involvement in human rights abuses were true.
Kimberley Process opens second office in Almas Tower
At the plenary progress was achieved on a number of crucial issues, of which the most import were the adoption of urgent measures to help participating counties strengthen their internal controls, and a number of recommendations to strengthen the effectiveness of the Kimberley Process itself.
The US is assisting with the construction of the premises of the Liberia Diamond Authority, which will house the Kimberley Process Certification Scheme diamond appraisers and administrators.
But despite the fact that not everything is perfect, Kimberley Process copes with the tasks to protect the market from conflict diamonds.
Zhakoff said the basic structure of the Kimberley Process remains the same, and that is that every legitimately traded diamond must be traced to a verifiable KP certificate.
Sanghvi also stated that Marange mines were not certified by the Kimberley Process Certificate, which is issued to diamond mines by the World Diamond Council for adhering to labour laws and human rights.
The Kimberley Process Certification Scheme has officially confirmed to Zimbabwe that it can continue conducting supervised sales of diamonds mined at the controversial Marange fields.
Summary: Harare, June 08, 2010, SPA -- Zimbabwe has met the minimum requirements to legally trade diamonds from its controversial Chiadzwa diamond fields, according to the monitor appointed by the Kimberley Process (KP), dpa quoted the world watchdog for conflict diamonds as.
In 2000, the Kimberley Process was put into effect, and today it unites 81 countries in an effort to more transparently document the path of a diamond from its discovery to the jewelry store.
Unveiled in a flurry of publicity and goodwill in 2003, the Kimberley Process was de- signed to bring an end to the excesses of the blood- stained trade, bringing key actors together to hammer out an international certification process for the rare stones.