A Sole Dependency Risk

The Kimberley Process (KP) has long been recognized for its decentralized system, which has successfully regulated the global diamond trade for over two decades. Supported by industry members, observers like the World Diamond Council, civil society organizations, and numerous stakeholders, this decentralized approach encompasses 59 active nodes (recently adding Uzbekistan as the 60th), ensuring equitable participation and the upholding of sovereignty for all member states. However, a recent push for a centralized, single-node model threatens to disrupt this balance, raising significant concerns among KP stakeholders and member nations.

The centralized model being promoted imposes a Eurocentric framework that disproportionately impacts African diamond producers. It requires them to route their diamonds through Antwerp for verification before accessing G7 markets, increasing logistical and financial burdens on these nations and undermining their ability to self-regulate and manage their natural resources. This approach has been widely opposed by African nations, including Botswana, Namibia, and Angola, as well as the African Diamond Producers Association, which views it as a throwback to colonial-style frameworks designed to benefit European interests—a troubling precedent in today’s global context.

From a practical standpoint, this centralized model introduces a single point of failure, making the system vulnerable to issues like corruption, inefficiencies, and bottlenecks. Antwerp, the proposed hub, has a tarnished reputation in this regard, with a history riddled with corruption and fraud. The Monstrey Case, which implicated 220 diamond dealers in large-scale money laundering and forgery, and the scandal involving Agim De Bruycker, a high-ranking Antwerp police commissioner convicted of corruption, serve as stark reminders of such vulnerabilities. Despite its historic association with the diamond industry, Antwerp’s record makes it an unlikely candidate for such a critical role, raising suspicions that the choice is politically motivated to benefit a select few, rather than being based on merit or efficiency.

Furthermore, the move toward centralization runs counter to current global trends favoring decentralization and self-determination. As former European Central Bank President Mario Draghi pointed out, decentralization and empowering individual nations are essential for fostering competitiveness in today’s political and economic climate. Similarly, the KP’s history and success in addressing conflict diamonds and promoting ethical sourcing underline the merits of decentralization. The existing system has already demonstrated its ability to adapt and innovate without compromising the sovereignty of member nations.

An example of such innovation within the current framework is the UAE’s proof-of-concept KP certification platform, which was recently unveiled at the KP plenary in Dubai. This platform highlights how technology can be leveraged to enhance transparency and traceability in the diamond trade, while maintaining decentralized collaboration and avoiding unnecessary financial and logistical burdens on producing nations.

As the chair of the Kimberley Process, I am committed to working with all member states and stakeholders to preserve the KP’s decentralized structure, ensuring that every nation—notably those in Africa—continues to have a voice and benefits equitably from their natural resources. The KP has consistently championed ethical and effective solutions for the global diamond trade, and its future lies in building upon this foundation rather than undermining it with a top-down, centralized approach.

Ahmed Bin Sulayem serves as the chair of the Kimberley Process, the UN-mandated international body regulating the global diamond trade.


Comments

One response to “A Sole Dependency Risk”

  1. Club Nola Avatar

    Oh, brilliant idea! Let’s just have all those African nations send their diamonds to Antwerp so we can verify their worthiness – because what better way to show we trust them than to make them jump through hoops like circus clowns? 😂💎

Leave a Reply

Your email address will not be published. Required fields are marked *

Last News

GKV-Reform: Wer jetzt um Therapieplätze bangt

GKV-Reform: Wer jetzt um Therapieplätze bangt

Mental illnesses are the most common reason for sick leave, but the GKV reform will soon hinder psychotherapists with fixed budgets. POLITICO health expert Louis Westendarp explains why patients risk waiting even longer for available treatment slots.
In a 200-second interview, Green health politician and doctor Paula Piechotta criticizes the cutbacks. She advocates addressing potential savings in

Read More

BT Group Shares Under Scrutiny After Major Shareholder Sells $224 Million Stake

BT Group Shares Under Scrutiny After Major Shareholder Sells $224 Million Stake

London, July 20 Eurotoday Newspaper — BT Group shares were closely watched after a major shareholder sold approximately $224 million worth of stock in a secondary offering. The transaction reduced the investor’s ownership while increasing the number of shares available to institutional buyers. The sale involved existing shares, meaning BT Group did not receive new capital from the deal.
BT Group

Read More

Poland Could Transfer MiG-29s to Bulgaria if Ukraine Talks Collapse

Poland Could Transfer MiG-29s to Bulgaria if Ukraine Talks Collapse

Bulgaria could become an alternative recipient of Polish MiG-29 fighters if Warsaw and Kiev fail to agree on their transfer, according to former Polish Minister of National Defense Janusz Onyszkiewicz in an interview with Ukrinform.
He stated that the Polish government’s decision will be based on a pragmatic assessment of costs and benefits.
The Polish army possesses aircraft nearing the en

Read More

Wes Streeting Appointed to Senior UK Defense Position

Wes Streeting Appointed to Senior UK Defense Position

LONDON — Wes Streeting is appointed the U.K.’s new defense secretary, Downing Street announced, as Andy Burnham unveiled his Cabinet after being elected prime minister.
Streeting takes over less than six weeks after predecessor Dan Jarvis, who was appointed amid a contentious government dispute concerning defense spending.
Jarvis was tasked with delivering the government’s long-awaited

Read More

Judge Temporarily Halts Paramount’s Acquisition of Warner Bros. Discovery

Judge Temporarily Halts Paramount’s Acquisition of Warner Bros. Discovery

Oakland, California, July 20 Eurotoday Newspaper — Hollywood antitrust lawsuit proceedings moved forward after a federal judge temporarily blocked Paramount from completing its proposed acquisition of Warner Bros. Discovery. The court issued a temporary restraining order while it considers legal challenges filed by a coalition of U.S. states that argue the merger could reduce competition across

Read More

Turkey Relocates 1 Million Stray Dogs from Urban Areas

Turkey Relocates 1 Million Stray Dogs from Urban Areas

Turkey successfully removed around 1 million stray dogs from its streets by 2025, as reported by Interior Minister Mustafa Ciftli via Balkan Insight, following significant amendments to the Animal Protection Law. Ciftli noted that the “neuter and return” policy was ineffective. Consequently, Turkey is implementing a mixed strategy where some dogs are placed in shelters, while others a

Read More

Britain’s Brexit Minister Nick Thomas-Symonds Removed in Cabinet Reshuffle

Britain’s Brexit Minister Nick Thomas-Symonds Removed in Cabinet Reshuffle

As Cabinet Office minister, Thomas-Symonds oversaw areas like public inquiries and civil service reform.
His departure occurs during crucial negotiations between Britain and the EU.
Before Starmer’s resignation, a U.K.-EU summit was scheduled for Wednesday July 22 to conclude talks on topics such as an agri-food agreement, youth mobility scheme, and emissions trading deal.
Starmer also intended to

Read More

US Senate Team Reassures Global Defense Industry at Farnborough Airshow

US Senate Team Reassures Global Defense Industry at Farnborough Airshow

Farnborough, England, July 20 Eurotoday Newspaper — US Senate delegation members met with international aerospace and defense companies at the Farnborough International Airshow, seeking to reassure foreign contractors about America’s long-term commitment to global partnerships and tariff-free aerospace trade. The bipartisan delegation said open trade and strong industrial cooperation remain esse

Read More

Rest Day Focus Shifts to Rider Welfare

Rest Day Focus Shifts to Rider Welfare

Evenepoel’s Alpine Triumph Alters the Tour, but Vingegaard’s Departure Raises Tougher Concerns for Cycling
By Daniel Mercer, Sports Correspondent, The European Times
As the Tour de France arrives at its second rest day, Tadej Pogacar remains in the yellow jersey, invigorated by Remco Evenepoel’s significant victory in the Alps, while Jonas Vingegaard’s exit following a crash has heightened worri

Read More

EU Hits China’s Alibaba with €550M Record Fine Over Illegal Products

EU Hits China’s Alibaba with €550M Record Fine Over Illegal Products

AliExpress’s failure to address certain risks is deemed “very dangerous for our consumers and unfair to compliant companies,” according to Virkkunen. This substantial fine is the third under the Digital Services Act, following a €200 million penalty for Temu two months prior. Virkkunen noted that Temu’s sanction was tied to inadequate checks for illegal products in Europe.

Read More