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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References in periodicals archive ?
This system supports the Kimberley Process Certification Scheme, an international certification system that requires participants to have control regimes to ensure that shipments of rough diamonds are conflict-free.
Summary: Dubai Multi Commodities Centre (DMCC) announced today that the Kimberley Process Certification Scheme (KPCS) for the ethical trade of rough diamonds has expanded its UAE operations with the opening of a second office in Almas Tower, located in the Jumeirah Lakes Towers community in Dubai.
Negotiations with the diamond industry lobbyists culminated two forms of regulation: the international Kimberley Process Certification Scheme and the U.
30 /PRNewswire/ -- At the Kimberley Process Plenary meeting here, more than 70 countries, the NGO community, and the World Diamond Council (WDC), representing the international diamond industry, have agreed unanimously to implement a voluntary "peer review" system to ensure the credibility of the Kimberley Process Certification Scheme.
Sierra Leone has recently become a member country of the Kimberley Process Certification Scheme.
This Act directs the President to implement regulations to carry out the Kimberley Process Certification Scheme (KPCS).
28, expressed strong support for the Kimberley Process Certification Scheme, an international agreement aimed at eradicating conflict diamonds by tracking them from their point of origin.
Diamond Centre Wales only sourc-W es diamonds according to the Kimberley Process Certification Scheme which ensures that the stones are "conflict-free".
The agreement also requests for Alrosa and the Antwerp diamond sector to work more closely and exchange know-how and information concerning the execution of the Kimberley Process Certification Scheme.