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

UN Human Rights Council: Venezuela’s ICC Withdrawal Hinders Accountability

UN Human Rights Council: Venezuela’s ICC Withdrawal Hinders Accountability

Geneva, July 27 Eurotoday Newspaper — UN human rights council investigators have warned that Venezuela’s decision to withdraw from theInternational Criminal Court (ICC) could weaken international efforts to ensure accountability for alleged human rights violations. The UN-backed Independent International Fact-Finding Mission said the move may reduce access to international justice for victims wh

Read More

Italian Police Raid Offices of Bulgari and Chanel

Italian Police Raid Offices of Bulgari and Chanel

Last week, Italian police raided the offices of several luxury brands, such as Bulgari and Chanel, due to suspicions of using subcontractors to employ Chinese workers under exploitative conditions, according to a prosecutor.
Raided companies also include Brunello Cucinelli, Etro, Goyard Italia, Jacob Cohen Company, Moncler, and Stefano Ricci, as confirmed by Milan prosecutor Paolo Storari to AFP

Read More

Romania Condemns Russia for Weekend Drone Violations

Romania Condemns Russia for Weekend Drone Violations

Romanian Foreign Minister Oana Țoiu reported that the aircraft were “Shahed-type drones” deployed by Russia. They likely entered Romanian airspace during Russian strikes on Ukraine’s ports in the Odesa region near Romania’s southeastern border. President Nicușor Dan labeled these repeated intrusions as “inadmissible and intolerable,” stating that they breached Romania

Read More

Keiko Fujimori’s Cabinet Takes Shape with Key Ministerial Appointments in Peru

Keiko Fujimori’s Cabinet Takes Shape with Key Ministerial Appointments in Peru

Lima, July 27 Eurotoday Newspaper — Keiko Fujimori cabinet appointments have begun taking shape after Peru’s president-elect announced the first senior ministers who will join her incoming administration. The appointments, made ahead of Tuesday’s inauguration, include Luis Galarreta as Prime Minister, Elmer Cuba as Economy Minister and Carlos Espa as Foreign Minister. The selections provide an e

Read More

Brussels Provides Clarity on State Aid for Social Investment

Brussels Provides Clarity on State Aid for Social Investment

New Commission guidance frames subsidy control as a tool for housing, care, skills and clean public services
The European Commission has clarified how EU State aid rules can support social and public-interest investments, ensuring that subsidy control doesn’t hinder housing, care, training, or clean infrastructure if support is targeted and transparent.
The guidance, announced in Brussels

Read More

Trump Rekindles Tariff Dispute

Trump Rekindles Tariff Dispute

Icelanders are voting on whether to restart accession talks with the European Union, reopening a debate influenced by security concerns, economic uncertainty, and the question of who controls the country’s fishing waters.
Zoya Sheftalovich and Kathryn Carlson also examine Donald Trump’s threat of new tariffs following the EU’s €890 million fine on Google, and its potential impact on the fragile Tu

Read More

Donald Trump Pardon Update: Hernández Returns to Honduras Following U.S. Clemency

Donald Trump Pardon Update: Hernández Returns to Honduras Following U.S. Clemency

Tegucigalpa, Honduras, July 26 Eurotoday Newspaper — Donald Trump pardon news remains in focus as former Honduran President Juan Orlando Hernández prepares to return home after receiving a presidential pardon from U.S. President Donald Trump. The former leader is expected to arrive in Honduras before appearing in court over separate fraud and money laundering allegations that are still pending u

Read More

Portugal Initiates Its Lobby Register Era

Portugal Initiates Its Lobby Register Era

New transparency rules take effect as Lisbon faces a sharper public debate over influence, access and integrity in government
Portugal’s first lobbying transparency law came into effect on Monday, marking a new phase in the country’s effort to make political influence more visible. The reform establishes a public register for interest representation and new disclosure duties for cont

Read More

What Changes Will Burnham Actually Make?

What Changes Will Burnham Actually Make?

Andy Burnham entered office with promises of the most significant change in Britain in four decades. However, one week into his leadership, is Britain witnessing true transformation or merely a different political approach?
As Burnham reveals proposals on social care, devolution, and welfare, Sam and Anne question the magnitude of Burnham’s announced policies. Is this merely a continuation o

Read More

India Exam Reform Panel Announced by Modi Following Nationwide Protests

India Exam Reform Panel Announced by Modi Following Nationwide Protests

New Delhi, July 26 Eurotoday — India exam reform panel has been announced by Prime Minister Narendra Modi to review and modernise the country’s examination system after widespread student protests over alleged paper leaks and recruitment exam irregularities. The government said the committee will examine security measures, governance, technology, and administrative processes to strengthen transp

Read More