The value of the Kimberley Process

During the 1990s, civil wars took place across several African countries. Diamonds mined and illegally traded were referred to as “blood diamonds” and at that time represented approximately 4% of the world’s diamond production. The issue of conflict diamonds has been the greatest single threat to consumer confidence in diamonds.

Benefits

The Kimberley Process is a joint government, industry and civil society initiative, whose objective it is to stop the flow of conflict diamonds. The Kimberley Process has been successful in curbing the flow of conflict diamonds, with 99.8% of the global supply of rough diamonds estimated to be conflict free by the World Diamond Council.

Tips:

• All diamond mining countries with exception of the Central African Republic are now part of the Kimberley process.

• The Industry and the United Nations launched the Kimberley Process in 2003

• During the 1990s, civil wars took place across several African countries. Diamonds mined and illegally traded were referred to as “blood diamonds” and at that time represented approximately 4% of the world’s diamond production.

• The issue of conflict diamonds has been the greatest single threat to consumer confidence in diamonds.

Miking only works with manufacturers who adhere to the Kimberley Process guidelines.

The Diamond Industry as a Driving Force of Development

With the birth of new technology, we can now go further, the industry is striving for the complete eradication of conflict diamonds within the industry. Companies are working with and integrating mine-to-market initiatives to show the origin and the route each diamond takes to the consumer.

#diamondreport #miking #diamonds #loosediamonds #kimberleyprocess #diamantes @miking.llc