The Kimberley Process (or KP) is a certification scheme that aims to curb the production, trade, and usage of so-called blood diamonds. The initiative was developed in response to the diamond-fueled violence and instability of the 1990s, when large quantities of conflict diamonds entered global markets from war-torn areas such as Sierra Leone, Angola, Guinea, and Liberia. The sale and purchase of conflict diamonds has historically funded conflicts or armed groups with enough capital to continue their violent activities. These illicit funds have also been used by rebel movements to boost recruitment efforts and buy weapons, among other things. These activities have given the diamond industry a negative reputation as a result of being perceived as a source for blood money that fuels wars around the world. This led to the creation of the Kimberley Process — an auditing system designed to track rough diamond certificates and prevent conflict stones from entering global markets again.
What Is the Kimberley Process?The Kimberley Process is a system designed to curb the production, trade, and usage of conflict diamonds. Conflict diamonds are used to fund conflicts and rebel movements and have a negative reputation. The system was created in response to the diamond-fueled violence and instability of the 1990s. The system tracks rough diamond certificates and prevents conflict stones from entering global markets. How Does the Process Work?The Kimberley Process is a system that governments use to set standards for the production of rough diamonds, monitor the process, and track rough diamonds from mine to market to ensure that conflict diamonds don't re-enter the supply chain. The process requires governments to track rough diamond transactions as they progress from mine to cutting and polishing, then on to the shipping of polished diamonds to a diamond trading hub, and finally to the sale of diamonds to retailers and wholesalers. Lab Grown Diamonds UKLab-grown diamonds are man-made diamonds that do not have the same ethical issues surrounding the supply chain as mined diamonds. However, the KP has struggled to live up to the expectations of global stakeholders due to weak enforcement, political disputes, and poor monitoring of the diamond supply chain.
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