Kimberley processes
The Kimberley processes

The Kimberley processes

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A multinational trading system called the Kimberley Process (KP) was launched in 2003 to stem the flow of conflict diamonds. The foundation of this scheme is the Kimberley Process Certification Scheme (KPCS), which certifies that rough diamond shipments are “conflict-free.”

There is no emotion purer than the wonder and admiration of a perfect diamond. Diamonds have been a symbol of love and beauty for centuries and have brought joy to countless couples who have promised to spend the rest of their lives together. Origins are sometimes hidden that should not rejoice.

Unsafe mining methods and illegal trade are seriously damaging the global diamond industry or manmade diamonds London. Conflict diamonds, often called “blood diamonds,” are diamonds that are illegally traded in different parts of the world and used to finance violence. Diamonds are often mined by slave labor, and working conditions for workers are extremely dangerous. Unfortunately, when it comes to the market, it can be difficult to distinguish between fake and real diamonds.

Kimberley processes

What is the Kimberley process?

Large-scale diamond minihttps://go.anyword.com/dashboardng began in Kimberley, South Africa, about 150 years ago. Since then, Kimberley has earned the nickname ‘Diamond City’ and is considered the world center for diamond mining.

In May 2000, African diamond-producing countries met in Kimberley to consider ways to end the disputed diamond trade. These African nations wanted to prevent the atrocities of the rebel movement from being financed by the global diamond trade. A few months later, the United Nations passed a resolution advocating the development of a global certification system.

How does the Kimberley process work?

Understanding how the Kimberley Process works is important to determining whether the Kimberley Process is meeting its goals. Knowing who is involved is the first step to understanding the process.

Countries such as South Africa, Canada, Russia, India, Israel, and Botswana take turns chairing the Kimberley Process hierarchy. A plenary session of these members is held twice a year by him. They attend numerous additional meetings where subcommittees and breakaway groups discuss various issues.

The Kimberley Process is open to participation by any country willing to abide by its rules and currently represents 81 countries worldwide. The rules that the Kimberly Process requires of its participants are not easily followed. Members of the KPCS are required to adhere to certain minimum standards, including:

  • They have to create domestic laws and institutions.
  • Import and export controls must be implemented.
  • You must advocate for openness and sharing statistics. Only Kimberley Process participants who meet the KPCS minimum standards can legally trade with each other.
  • Rough diamond shipments must be shipped internationally with a KP certificate as proof of conflict-free status.

These rules are strictly enforced to ensure that the Kimberley Process and its associate members make every effort to keep conflict diamonds off the market. However, there was much (or little) agreement on these rules.

A company with a moral purpose can usually reap a lot of profit, and the Kimberley Process is no exception. The obvious advantage of this approach is that it greatly reduces the availability of conflict diamonds on the open market. His KPCS accounts for approximately 99.8% of the rough sold on the open market.

 


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