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

Iran’s Supreme Leader Pledges Revenge for Father’s Death

Iran’s Supreme Leader Pledges Revenge for Father’s Death

Mojtaba Khamenei has been absent from public view for several months, with rumors circulating that he was disfigured following an airstrike injury.

Read More

Jayden Adams of South Africa Passes Away Weeks After Historic World Cup Campaign

Jayden Adams of South Africa Passes Away Weeks After Historic World Cup Campaign

Johannesburg, South Africa, July 11, Eurotoday Newspaper – South Africa’s Jayden Adams dies at the age of 25, only weeks after representing the national team at the 2026 FIFA World Cup. The talented midfielder’s sudden death has shocked the football community, with tributes pouring in from teammates, clubs, officials, and supporters across the country.
Midfielder Played Key Role During World Cup

Read More

EU Clears Hungary’s €10bn Recovery Plan

EU Clears Hungary’s €10bn Recovery Plan

The Council of the European Union has granted approval to Hungary’s adjusted recovery and resilience plan, enabling access to up to €10 billion in EU funds but maintaining payments conditional on achieving reforms and investment goals. This decision provides financial opportunities for Budapest while emphasizing rule-of-law implementation, public-procurement transparency, and judicial indep

Read More

Why UK Entrepreneurs Are Opting for Limited Companies Instead of Sole Traders

Why UK Entrepreneurs Are Opting for Limited Companies Instead of Sole Traders

London, July 10, Eurotoday Newspaper – Start a limited company UK has become an increasingly popular choice as more entrepreneurs opt for incorporation instead of registering as sole traders. Business advisers say founders are seeking stronger legal protection, improved credibility, and better opportunities for long-term growth as new businesses launch across the country.
Business Formation Tren

Read More

Moldova Appoints Businessman as New PM Nominee

Moldova Appoints Businessman as New PM Nominee

Tofan expressed his intention for Moldova to sign an EU ascension treaty by the end of 2028, responding to journalists’ inquiries about the matter. The former prime minister, Munteanu, stepped down earlier this month, stating his inability to continue fulfilling his mandate in line with his principles. The administration had been troubled by multiple scandals, notably the arrest of a state s

Read More

Spain Keeps Their Nerve as Belgium Exits

Spain Keeps Their Nerve as Belgium Exits

A 2-1 quarter-final victory propels Spain towards a semi-final clash with France, bringing another golden era chapter to a close for Belgium.
By Daniel Mercer, Sports Correspondent, The European Times
Spain secured their place in the FIFA World Cup semi-finals with a 2-1 win over Belgium in Los Angeles, characterized more by composure during critical moments than sheer dominance. Goals from Fabia

Read More

New Compliance Requirements from Companies House Every Business Owner Must Know

New Compliance Requirements from Companies House Every Business Owner Must Know

Sarhan Basem is Eurotoday’s Senior Correspondent to the European Parliament. With a Bachelor’s degree in English Literature, Sarhan brings a unique blend of linguistic finesse and analytical prowess to his reporting. Specializing in foreign affairs, human rights, civil liberties, and security issues, he delves deep into the intricacies of global politics to provide insightful comment

Read More

A Walk with Patrick Schnieder

A Walk with Patrick Schnieder

Seit einem Jahr ist Patrick Schnieder als Verkehrsminister im Amt. Im Gespräch mit Gordon Repinski verteidigt er die Vollsperrungen bei den Korridorsanierungen der Bahn, gibt jedoch zu, dass es konzeptionellen Nachbesserungsbedarf gibt. Beim autonomen Fahren verspricht Schnieder baldige Fortschritte auf dem deutschen Markt. Bereits Ende des Jahres oder Anfang des nächsten sollen erste hochautomat

Read More

What is the purpose of jagged edges on coins?

What is the purpose of jagged edges on coins?

Coins with jagged edges aren’t just a design choice; they serve as a clever anti-theft measure from the past. This practice, still in use today, was developed to deter thieves when the metal value of coins matched their denomination. Coins like the early American dollars contained substantial silver, leading fraudsters to shave off small amounts. The creation of serrated edges made such tam

Read More

How Long to Register a UK Company: Timeline, Costs, and Common Delays

How Long to Register a UK Company: Timeline, Costs, and Common Delays

London, July 10, Eurotoday Newspaper – UK company registration timeline is drawing increased attention as thousands of entrepreneurs continue launching new businesses across Britain. Companies House says most online applications are processed within one working day, but registration times can vary depending on filing accuracy, verification requirements, and the method used to submit incorporatio

Read More