Wednesday, August 2, 2017

KP generally regulated the production of diamonds

( Business Standard ) - International experts from India and Dubai, the hot spots of the world trade in diamonds and diamonds, called for limiting what they call a Western critique of working conditions in diamond mines in Africa, which account for about 60 percent of the world's supply.

Such criticism, they say, is completely inappropriate, because most of the African mining and trade has already been clean a few years ago, and conflict diamonds, even in recognition of the Kimberly Process (KP), consisting of 81 member countries, are less than 0 , 5 percent of the annual volume of trade, which reached $ 1.2 billion.

"In 2013, diamonds were the most well-controlled commodity in the world. Over 99.5 percent of diamonds produced in the world fall under the certification regime. The Central African Republic, Guinea and Venezuela do not represent even 0.5 percent of the world's output. In fact, this is probably about less than 0.2 percent (world production, which can be considered "blood diamonds"), "said Peter Meeus, chairman of the Dubai Diamond Exchange, at the time Last year's conference dedicated to the centenary of the Angolan Diamond Centenary Conference.

The decision by the European Union to lift sanctions from Zimbabwe after the July elections last year was another milestone on the road to world recognition of working conditions in African diamond mines.

"The use of the expression" blood diamonds "has become too common. This is how to smear all with one tar. Even now, KP proves by its actions that the method used by it is the most effective way to avoid using diamonds to finance any form of civil war. Less than a month after the problem in the Central African Republic arose, the KP took steps to ensure that the Central African Republic could not illegally export its diamonds, "Meeeus said.

"KP generally regulated the production of diamonds. Can this be said about the production of any other minerals? The Kimberley Process is better than any diplomatic initiative undertaken so far,

There are many people who agree with Meeus. Some of them are from India, the world power in the field of diamonds, and Dubai, the developing center of world trade in tapeworms and the commercial capital of the United Arab Emirates (UAE). These two countries together with China form the New Silk Road, considered the main center of world trade in diamonds.

It is interesting to note that India and China now account for 24 percent of the world market for diamonds. De Beers, a global diamond mining giant, has already forecast that by 2020, the two countries will surpass the United States, the world's largest consumer, accounting for 40 percent of the market.

"With the exception of one or two problem countries, mining in Africa is clean. At the level of 15 percent, currently conflict diamonds account for less than 0.5 percent of total trade. Yet many consider it fashionable to distribute images of child soldiers and workers driven to poverty on African diamond mines. It's time to look at the real situation, "said Sanjay Kothari, the head of the Gems and Jewelry Export Promotion Council (GJEPC), a government organization based in Mumbai and working closely with the world's Organizations dealing with diamonds


http://www.business-standard.com/article/news-ians/blood-diamonds-africa-has-cleaned-up-its-act-comment-special-to-ians-114020900351_1.html

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