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

Miliband Seeks Key Role in Team Burnham; North Sea Talk Avoided.

Miliband Seeks Key Role in Team Burnham; North Sea Talk Avoided.

Kemi Badenoch’s Conservative Party, now strongly opposed to net zero policies and supportive of oil and gas, won the Aberdeen South vote, defeating the Scottish National Party. Oil and gas companies are key employers in the area, where many drilling-related jobs have disappeared due to depleted reserves and lack of investment.
Badenoch claims Miliband’s policies are worsening the situation, making

Read More

Canadian Retail Sales Increase 0.5% in April; Strong May Growth Indicates Consumer Resilience

Canadian Retail Sales Increase 0.5% in April; Strong May Growth Indicates Consumer Resilience

OTTAWA, Canada, June 19 – Eurotoday Newspaper — Canada retail sales increased by 0.5% in April, according to newly released official data, providing another indication that consumer spending continues to support the country’s economy despite elevated borrowing costs and ongoing global uncertainty. Preliminary estimates also suggest Canada retail sales could climb 1.0% in May, pointing to stronge

Read More

Europe Selects Its Own Frontier AI Developer

Europe Selects Its Own Frontier AI Developer

EUROPA Consortium to Develop Open-Source AI Model for All 24 EU Languages
The European Commission has chosen a consortium led by Italy’s Domyn to create an advanced AI model for Europe’s multilingual landscape, turning the focus on technological sovereignty into a real public-interest initiative.
The decision, revealed on Friday, appoints the EUROPA consortium as central to the EU’s Fronti

Read More

Portugal Parliament Rejects Labor Reform, Intensifying 2026 Political Challenge

Portugal Parliament Rejects Labor Reform, Intensifying 2026 Political Challenge

Lisbon, Portugal, June 19 – Eurotoday Newspaper — Employment legislation Europe remains in focus after Portugal’s parliament voted against the government’s proposed labour reform package, delivering a major setback to the country’s minority administration. The decision comes after weeks of political debate over employment protections, business flexibility, and economic competitiveness. The faile

Read More

Britain’s Keir Starmer Considers a Bleak Future

Britain’s Keir Starmer Considers a Bleak Future

Three out of four individuals indicated that Reynolds had encouraged the PM to agree to the widespread calls for him to establish a departure timeline. However, the fourth person disputed this characterization of the meeting. Both No. 10 and Reynolds’ team refused to comment.
A fifth person, an MP, stated they were informed ahead of the Downing Street meeting that Reynolds was planning to have an

Read More

Gaza: UNICEF Issues Alert on Child Killings, Citing Grave Risks

Gaza: UNICEF Issues Alert on Child Killings, Citing Grave Risks

“During a period supposedly defined by restraint and protection, a child has been killed, on average, every single day for more than eight months,” said UN Children’s Fund (UNICEF) spokesperson James Elder. “That is an absurd and devastating figure.”
Killed while playing
Briefing journalists in Geneva via video from Amman, the UNICEF aid veteran noted that the children “were not killed in a warzo

Read More

Canada’s Financial Markets Strengthen with Expanded Bank Lending Capacity

Canada’s Financial Markets Strengthen with Expanded Bank Lending Capacity

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

Meloni and Sánchez Clash Over EU Migration Crackdown

Meloni and Sánchez Clash Over EU Migration Crackdown

The stance of Spain on migration is “well known,” a spokesperson from the Spanish government stated, confirming that Sánchez had defended it during the summit dialogue. Madrid is “more than happy” to participate in a conversation on migration, the spokesperson added. The spokesperson did not address the remark about Africa.

An Italian representative mentioned the interaction was “not a clash” bu

Read More

EU Leaders Prioritize Competitiveness Again

EU Leaders Prioritize Competitiveness Again

Brussels urges swifter measures on energy costs, industry, and the single market ahead of carbon-market review in July
EU leaders are urging swift advancement on Europe’s competitiveness agenda, calling on Brussels and national governments to expedite simpler regulations, lower energy costs, industrial renewal, and investment. The conclusions from Friday’s Brussels meeting underscore the “

Read More

Report: Manus Investors Pursue $2 Billion Buyback of AI Firm from Meta

Report: Manus Investors Pursue $2 Billion Buyback of AI Firm from Meta

San Francisco, California, United States, June 18 – Eurotoday Newspaper — Manus AI buyback discussions are drawing significant attention after a report indicated that the artificial intelligence company’s original investors are exploring a plan to repurchase the business from Meta in a deal valued at approximately $2 billion. If completed, the transaction could become one of the most closely wat

Read More