TagDiamond Market

How the Kimberley Process Falls Short

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The Kimberley Process was set up in 2003 by the UN as a means of eradicating conflict diamonds from the rough-cut diamond market. The humanitarian initiative is defined as “a joint governments, industry and civil society initiative to stem the flow of conflict diamonds – rough diamonds used by rebel movements to finance wars against legitimate governments.” The Kimberley Process Certification Scheme (KPCS) was devised as a way to legitimize diamond trade among countries, which do not channel the resulting […]

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