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Rough diamonds
India Allows Importers to Fix Errors on KP Certs
The Indian government has permitted rough-diamond importers to correct errors on Kimberley Process (KP) certificates, removing an obstacle that had been preventing the clearance of goods.The country’s Directorate General of Foreign Trade has empowered the...
Rough Markets Oct 01, 2020 Rapaport News
KP rough
Global Rough Production Slides in 2019
Global rough-diamond production fell 7% to $13.48 billion last year, reflecting lower output in Botswana and Canada, according to new data from the Kimberley Process (KP). Production volume slipped 12% to 130.3 million carats, while...
Rough Markets Jul 05, 2020 Rapaport News
Rough diamonds
Kimberley Process Plans to Digitize Its Certificates
The Kimberley Process (KP) is trialing the use of digital certificates for rough-diamond shipments, claiming the method will increase efficiency and reduce fraud.Russia, which is chairing the global certification scheme this year, will...
Financial-Legal Apr 05, 2020 Joshua Freedman
KP Intersessional
KP June Intersessional to Go Virtual
The Kimberley Process (KP) Intersessional Meeting will take place as a virtual conference this year, as European borders close to travelers due to the coronavirus pandemic.The annual forum, in which member states, civil societies and the...
Rough Markets Mar 17, 2020 Rapaport News
Edward Asscher WDC 150
Asscher to Lead World Diamond Council
Edward Asscher, president of Royal Asscher Diamond Company, will take over as president of the World Diamond Council (WDC) in June for a two-year term.Asscher, currently vice president of the WDC, will succeed Stephane Fischler, who...
Polished Markets Feb 04, 2020 Rapaport News
Rough diamond
UK Secures Deal to Keep Rough Trade Alive
The UK has secured independent membership of the Kimberley Process (KP), enabling it to continue participating in the international rough-diamond trade after the nation leaves the European Union.Britain’s decision to withdraw from the EU on January 31 requires the...
Rough Markets Jan 15, 2020 Joshua Freedman
CAR
KP Gives CAR More Export Freedom
The Kimberley Process (KP) has relaxed its rules for roughexports from the Central African Republic (CAR), enabling the government to approve multiple shipments each month without needing to wait for external authorization....
Mining Dec 03, 2019 Rapaport News
WDC KP Penary
KP Fails to Expand Conflict-Diamond Definition
The definition of a conflict diamond will remain unchanged, despite a three-year effort to broaden the mandate of the Kimberley Process (KP). Government representatives were not able to reach the required consensus on the issue at last week’s...
Rough Markets Nov 24, 2019 Rapaport News
Stephane Fischler
WDC Warns Against Smuggled CAR Diamonds
The World Diamond Council (WDC) has cautioned the trade to be vigilant when buying diamonds from the Central African Republic (CAR) since most of the country’s rough is being smuggled across its borders.The Kimberley...
Rough Markets Oct 02, 2019 Avi Krawitz
WDC Kaninda 150
WDC Executive Director Exits Organization
Marie-Chantal Kaninda hasstepped down as executive director of the World Diamond Council (WDC) after two and a half years in the position. “Marie-Chantal’s influence on the WDC has been profound,”WDC president Stephane Fischler said Tuesday.“As...
Rough Markets Sep 03, 2019 Rapaport News
WFDB
Blom Urges KP to Define Systemic Violence
The war on conflict diamonds will remain at a standstilluntil the industry can agree on what constitutes systemic violence, according to World Federation of Diamond Bourses (WFDB) president Ernie Blom. The lack of agreement on the matter is preventing...
Polished Markets Jul 29, 2019 Leah Meirovich
Alrosa rough diamonds 150
Alrosa Partners with Zimbabwe Mining Company
Alrosa has agreed to a joint venture with nationalminer Zimbabwe Consolidated Diamond Company (ZCDC) for exploring new diamondprojects in the country. The deal, which provides Alrosa with a 70% stake in any newgreenfield deposits, encompasses...
Mining Jul 17, 2019 Rapaport News
Alrosa
Rough Trading Slowed in 2018
Global rough-diamond shipments dropped last year,reflecting slower trading in India and Belgium, according to new data from theKimberley Process (KP). Total rough imports slipped 3% to $48.49 billion for 2018,with volume down 7% to 424.2 million...
Rough Markets Jul 09, 2019 Rapaport News
Rough diamonds
Global Diamond Production Value Rises
Global rough-diamond output grew 2% to $14.47 billion lastyear, reflecting higher production in Botswana, according to data the KimberleyProcess (KP) released last week.The average price increased 4% to $97 per carat, outweighinga 2% decline in production volume to 148.4...
Mining Jul 07, 2019 Rapaport News
Joyce Trust Diamond 150
Trust Is Key for Ethical Dealing, Say Suppliers
Transparency is a growing goal for wholesalers, but there’sanother “T” word that may be even more important: trust. In an industry definedby long-abiding relationships, assurances of ethical sourcing depend heavily ona seller’s reputation for integrity. Opening...
Polished Markets Jun 19, 2019 Joyce Kauf
KP Intersessional
Industry Leaders Encourage Reform at KP
World Diamond Council (WDC) president Stephane Fischlerurged Kimberley Process (KP) member governments to reach an agreement on trade-reform issues, including expanding thedefinition of a conflict diamond. “We are relying on each of you, during this final year...
Mining Jun 17, 2019 Rapaport News
Yellow diamond
US Looks to Tighten Jewelry-Origin Rules
The US government wants the jewelry industry to declare the origin of all materials in products, trade organizations learned this week.State Department officials met with industry representatives on Monday to brief them on the plans.The possible rules...
Financial-Legal Apr 18, 2019 Joshua Freedman
CAR
CAR Invites De Beers and Alrosa to Mine Its Diamonds
The Central African Republic (CAR) is trying to entice large diamond-mining companies to set up operations in thecountry, as part of its effort to reform the sector and meetKimberley Process (KP) regulations. The government has already contacted both...
Mining Apr 02, 2019 Leah Meirovich
WDC UN
UN Resolution Calls for KP Reforms
The United Nations General Assembly (UNGA) has enacted aresolution calling for reforms to increase the effectiveness of the KimberleyProcess (KP), the World Diamond Council (WDC) said. The European Union proposed the resolution...
Rough Markets Mar 05, 2019 Rapaport News
Botswana Zimbabwe
Botswana Denies Zimbabwe Loan Report
The president of Botswana has repudiated claims that thecountry planned to loan Zimbabwe $600 million to support its diamond industry and private sector. Last week, Zimbabwe’s media quoted its secretary of foreign affairs and...
Rough Markets Mar 03, 2019 Rapaport News
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