“The KPCS has been an absolutely critical element in maintaining peace in producing countries through increased traceability of rough diamond trade, and we must redouble our efforts to strengthen its impact,” said WDC President Stephane Fischler.
Speaking directly to government representatives at the start of the 2019 Kimberley Process (KP) Plenary Meeting in New Delhi, India, on November 18, Stephane Fischler, President of the World Diamond Council (WDC), has stated that, with the KP’s three-year reform and review cycle about to end, the governments alone hold the future of the Kimberley Process’ much anticipated reform agenda in their hands.
The final minutes are on the clock for the KP’s three-year review and reform cycle, which began in 2016 and will end at the Plenary Meeting under the chairmanship of India.
Diamond-producing countries on the African continent received about $8.1 billion, or 9.5 percent of the $85.9 billion worth of revenues generated by diamond jewelry in 2018, and some still may consider that an insufficient share, said World Diamond Council (WDC) President Stephane Fischler, speaking at the Russia-Africa Summit in Sochi, Russia, on October 23, 2019.
The SOW will be a strong focus of our activity over the coming year, as we roll out a dedicated toolkit to assist in their implementation.
It is in India that the outcome of the three-year review and reform of the Kimberley Process Certification Scheme (KPCS) will be decided, and, more specifically, a decision will be taken whether to strengthen the scope of the certification scheme itself.
All industry players must still remain on the alert and conduct their own due diligence to ensure that any CAR-sourced rough diamonds they purchase are KP-compliant.
Contact Info
Stay Updated
Get latest news and
updates direct in your
inbox !
