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 did the kimberley process start?
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
why is the Kimberley Process so important?
The Kimberley Process
international certification scheme that
regulates trade in rough diamonds. It
aims to prevent the flow of conflict diamonds, while helping to protect legitimate trade in rough diamonds. The KPCS has developed a set of minimum requirements that
each participant must meet.
is the Kimberley process effective?
Despite valid criticism of the Kimberley Process, there is no denying that it has been effective at stemming the flow of conflict diamonds in the mainstream pipeline.
How do I get a Kimberley Process certificate?
Under the KPCS, a KP Certificate issued by Singapore Customs is required for the export of rough diamonds. To apply for a KP Certificate, you need to: Have a valid KP Licence with Singapore Customs; and.
Is it illegal to buy blood diamonds?
The World Diamond Council reported that by 2004 this percentage had fallen to approximately 1% and up to today the World Diamond Council refers to this illegal trade to be virtually eliminated, meaning that more than 99% of diamonds being sold have a legal background.
How are diamonds formed?
1) Diamond Formation in Earth’s Mantle. Geologists believe that the diamonds in all of Earth’s commercial diamond deposits were formed in the mantle and delivered to the surface by deep-source volcanic eruptions. These eruptions produce the kimberlite and lamproite pipes that are sought after by diamond prospectors.
Why are blood diamonds called blood diamonds?
Blood Diamonds, also known as “Conflict Diamonds,” are stones that are produced in areas controlled by rebel forces that are opposed to internationally recognized governments. This is why the term “blood diamonds” is used.
Is there such thing as a blood diamond?
Blood diamond. Blood diamond, also called conflict diamond, as defined by the United Nations (UN), any diamond that is mined in areas controlled by forces opposed to the legitimate, internationally recognized government of a country and that is sold to fund military action against that government.
What is Kimberly?
Kimberly (also Kimberley) is a male and female given name of Old English origin. The second element is the Old English leah or leigh “meadow, clearing in a woodland”.
Is the conflict trade limited to diamonds?
Conflict or “blood” diamonds are illegally traded to fund conflict in war-torn areas, particularly in central and western Africa, according to the World Diamond council, which represents the commercial diamond trade.
What is meant by system of warranties and the Kimberley Process?
The System of Warranties requires all diamond suppliers and diamond jewellery manufacturers to pass on a warranty statement each time diamond goods change hands, assuring the next buyer the diamonds originated within the Kimberley Process system.
What percentage of diamonds are blood diamonds?
The diamond industry estimates that conflict diamonds represent 4 percent of the total trade in rough diamonds. Others have estimated that conflict diamonds could amount to as high as 15 percent of the total trade.
Why is Kimberly famous?
Kimberley is a prospecting city famous for its quality diamonds, the largest man-made excavation in the world and impressive variety of tourists attractions. It is the capital city of the Northern Cape and surrounded by five of South Africa’s big rivers, two of them being the Orange and Vaal Rivers.