The Importance of a New Conflict-Diamond Definition

By Rapaport News / September 05, 2021 / www.diamonds.net / Article Link

RAPAPORT... Rapaport Magazine recently carried an article by Farai Maguwu, founding director of the Centre for Natural Resource Governance (CNRG), in which he argued that the Kimberley Process (KP) was allowing Zimbabwe to export conflict diamonds. He cited allegations of torture and violence against local artisanal miners.Technically, Zimbabwe's goods are not conflict diamonds, noted Edward Asscher, president of the World Diamond Council (WDC), in a blog post last Thursday. This is because the KP defines conflict stones as rough that rebel movements use to finance wars against legitimate governments, he pointed out.However, the WDC, which represents the diamond industry at the KP, is working with other stakeholders to update this important definition, Asscher explained. Making this change would enable the KP to address issues such as those that Maguwu describes, he added."The [Kimberley Process Certification Scheme (KPCS)] is unfortunately limited in its scope," Asscher wrote. "Unless that is expanded, it cannot be expected to be a panacea to other challenges afflicting artisanal miners, including human and labor rights violations, bribery, and corruption."Read Asscher's full blog post here.Image: Edward Asscher. (Royal Asscher)

Recent News

Bullish bankers and bearish institutions split on gold forecasts

July 01, 2024 / www.canadianminingreport.com

Gold stocks down on flat metal price and mixed equities

July 01, 2024 / www.canadianminingreport.com

Snowline Gold reports Initial Resource Estimate

June 24, 2024 / www.canadianminingreport.com

Inflation subsiding and rate cuts starting internationally

June 24, 2024 / www.canadianminingreport.com

Inflation rebound continues to reverse

June 17, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok