Ensuring traceability and transparency in the diamond trade
The Kimberly Process was founded in 2000 in Kimberley, South Africa, by the governments of South Africa, Botswana and Namibia. Today there are 54 participants in the Kimberly Process (including the 28 EU member states) representing 81 countries including the Democtratic Republic of Congo.
The Kimberly Process brings the diamond-producing countries and diamond importers together to eliminate trade in conflict diamonds, and stop them being used to finance rebel movements. The Kimberly Process is supported by the UN, and is recognized in several UN General Assembly Resolutions calling for the exclusion of conflict diamonds from international trade.
The main Kimberly Process document applying to rough diamonds is the Kimberley Process Certification Scheme adopted in November 2002. The Scheme rules that every international shipment of rough diamonds is accompanied by a national certificate, proving its legal origin.
Certificates are also stored and available for three years after diamonds are sold. In addition, these diamonds must not leave the territories of the Kimberly Process country-members.
Another important role of the Kimberly Process is providing a data exchange system to help exclude conflict diamonds from international trade. Member countries are obliged to provide data including production, import and export statistics on rough diamonds; information about changes in national laws; and responsibilities and structures of government bodies regulating the implementation of the Kimberly Process Certification Scheme and issuance of Certificates.
Member countries also arrange mutual review visits and missions, observing the implementation of the Kimberly Process requirements. Review visits are voluntary, regular and made on the member country’s invitation. A review team usually consists of representatives of 3 other member states, the diamond industry and the civil society.
A visit is followed by a report by a review team of experts evaluating the scope of compliance of a Kimberly Process member to the established requirements and offer specific recommendations.
It is notable that in 2011, the Democratic Republic of Congo was the Kimberly Process Certification Scheme’s chair along with the United Sates who acted as co-chair.
Today, the Kimberly Process covers no less than 99.8% of the world diamond trade.
Talvo and all its subsidiaries fully comply with the Kimberly Process and strictly follow all rules and recommendations published by the Kimberly Process Certification Scheme.
For further information on the Kimberly Process please click here.