What is Kimberley diamond process?
The Kimberley Process (KP) is an international, multi-stakeholder initiative created to increase transparency and oversight in the diamond industry in order to eliminate trade in conflict diamonds, or rough diamonds sold by rebel groups or their allies to fund conflict against legitimate governments.
Is the Kimberly Process legit?
Legitimate Kimberley Process Certificates are used to control the international trade in rough diamonds. The criminals have approached U.S. citizens via the internet urging them to purchase rough diamonds directly from West African sources promising legitimate Kimberley Process Certificates for export.
Where do Kimberley diamonds come from?
The Kimberley Process started when Southern African diamond-producing states met in Kimberley, South Africa, in May 2000, to discuss ways to stop the trade in ‘conflict diamonds’ and ensure that diamond purchases were not financing violence by rebel movements and their allies seeking to undermine legitimate governments …
How did the Kimberley diamonds form?
How successful is the Kimberley Process?
According to Global Witness, the Kimberley Process has ultimately failed to stem the flow of conflict diamonds, leading them to abandon the scheme in 2011.
How successful is the Kimberly Process?
The obvious advantage is that the process has significantly limited the number of conflict-diamonds on the open market. In fact, about 99.8% of the rough stones on the open market are accounted for by the KPCS.
Has Kimberley Process been successful?
As such, corruption and smuggling are still a part of the diamond trade. Simply put, while the Kimberley Process has been successful in slowing down the conflict-diamond trade, it’s not perfect.
What is the best diamond certificate to get?
GIA
What are the best Diamond Certifications? The best diamond certifications are the GIA and AGS because they’re the most consistent lab grading entities. That means you can trust their grading in all aspects like Color, Clarity and Cut quality. These labs also grade more rigorously than other labs.
How is Zimbabwe involved in the Kimberley Process?
Zimbabwe is a participant in the Kimberley Process (KP), that regulates trade in diamonds, although by June 2007 the KP annual plenary stated that it noted with concern the continuing challenges to KP implementation in Zimbabwe and recommended further monitoring of developments and concerted actions in that respect.
Why was the Kimberley Process Certification Scheme established?
The Kimberley Process Certification Scheme (KPCS) is the process established in 2003 to prevent “conflict diamonds” from entering the mainstream rough diamond market by United Nations General Assembly Resolution 55/56 following recommendations in the Fowler Report.
How does the Kimberley Process apply to diamonds?
The Kimberley Process. It applies only to rough diamonds: As the Kimberley Process applies only to rough diamonds, once stones are cut and polished, they are no longer covered by the scheme. The diamond trade undertook to deliver a meaningful and independently verifiable system of warranties but has yet to deliver on that commitment.
When did Global Witness pull out of the Kimberley Process?
The effectiveness of the process has been brought into question by organizations such as Global Witness (pulled out of the scheme on 5 December 2011) and IMPACT (pulled out on 14 December 2017), claiming it has failed in its purpose and does not provide markets with assurance that the diamonds are not conflict diamonds.