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

EU Seeks Unity Amid Iran Crisis Highlighting Transatlantic Rift

EU Seeks Unity Amid Iran Crisis Highlighting Transatlantic Rift

At the national level, Europe’s response lacked unity. In a joint statement, France, Germany, and the United Kingdom emphasized that they “did not participate in these strikes” by the U.S. and Israel, condemning Iranian counterattacks and urging Tehran towards a “negotiated solution.”
British Prime Minister Keir Starmer echoed this stance, stating that the U.K. had “played no role” in the st

Read More

Eight Years in Captivity: Discovering Freedom and Healing in Ukraine

Eight Years in Captivity: Discovering Freedom and Healing in Ukraine

Four years after Russia’s full-scale invasion of Ukraine, many are striving to overcome deep-seated trauma and rebuild what was lost. The trauma for many predates the invasion, tied to conflict beginning in Ukraine’s south and east, including the Donetsk region, in 2014. Yurii Shapovalov, living in Donetsk then and detained by Russian-installed authorities, spent nearly eight years in

Read More

Putin’s Friendship Has Limits — As Iran Just Found Out

Putin’s Friendship Has Limits — As Iran Just Found Out

Iran has become the latest country, following Syria and Venezuela, to experience the realities of a partnership with Russia.
Since initiating its large-scale conflict in Ukraine four years ago, Russia has positioned itself as a champion of a multipolar world. However, when critical situations arose, its on-ground response in allied nations has been notably weak as their leaders faced attacks.
Bash

Read More

AS-i PRFoods 2025/2026 majandusaasta 2. kvartali ja 6. kuu

AS-i PRFoods 2025/2026 majandusaasta 2. kvartali ja 6. kuu

MANAGEMENT COMMENTARY
The second quarter of PRFood’s fiscal year continued to be challenging due to the difficult economic landscape characterized by weak consumption, price sensitivity, and increased cost pressure, particularly impacting the Group’s operations in Estonia and nearby markets. Despite these challenges, management has maintained its focus on core activities, cost cont

Read More

Poland Claims Prior Knowledge of US-Israel Attacks on Iran

Poland Claims Prior Knowledge of US-Israel Attacks on Iran

Germany confirmed it had been informed beforehand.
However, French President Emmanuel Macron stated that the U.S. and Israel did not “inform or involve” France in the strikes.
While various European governments called for restraint and de-escalation on Saturday, Sikorski criticized Tehran, labeling Iran as “a country that for decades supported terrorism [and] organized terrorist attacks in Europe

Read More

Europe’s Weekly Soundtrack: Bad Bunny Holds the Crown as "DtMF" Leads the Week

Europe’s Weekly Soundtrack: Bad Bunny Holds the Crown as "DtMF" Leads the Week

Week of late February 2026, as reflected in Apple Music Europe (2026/02/27) and Spotify’s weekly charts for Global (2026/02/26) and Belgium (2026/02/26). Europe’s streaming mood this week feels like a split-screen: intimate, memory-soaked Latin pop on one side, sleek UK/Afrobeats crossovers on the other, and a Swift-shaped hook glinting in the background. The headline is simple: Bad Bunny’s “DtM

Read More

Iran Counterattacks US Bases in the Gulf

Iran Counterattacks US Bases in the Gulf

A U.S. official informed POLITICO that air defenses successfully intercepted Iranian missiles targeting American bases, specifically Al Udeid in Qatar, the U.S. 5th Fleet in Bahrain, Ali Salem in Kuwait, and Al Dhafra in the United Arab Emirates.
Qatar and the United Arab Emirates reported intercepting Iranian missiles. The UAE experienced one casualty due to fallen debris, as stated by its defens

Read More

Funding Gaps Threaten Nearly 2 Million Displaced People in South Sudan

Funding Gaps Threaten Nearly 2 Million Displaced People in South Sudan

The warning emerges as the world’s youngest nation remains among the top displacement crises, with nearly 10 million people requiring humanitarian assistance, including returnees fleeing the war in neighboring Sudan.
IOM needs just over $131 million for operations in South Sudan this year but is facing a $29 million funding shortfall.
‘An extraordinary burden’
The UN agency and partners are aid

Read More

EU’s Top Diplomat Describes Iran Situation as ‘Perilous’

EU’s Top Diplomat Describes Iran Situation as ‘Perilous’

Kallas spoke with Israel’s Foreign Minister Gideon Saar and is coordinating with Arab partners for diplomatic solutions, she mentioned in a post on X.
Poland’s President Donald Tusk urged Polish citizens in Iran to remain safe and follow local authorities’ instructions, emphasizing the unity of Poles on security matters in a post on X.
Finnish Prime Minister Petteri Orpo emphasized the need to sto

Read More

Total Shareholder Voting Rights and Capital

Total Shareholder Voting Rights and Capital

Albion Crown VCT PLC
Total Voting Rights and Capital
LEI Code 213800SYIQPA3L3T1Q68
In accordance with Disclosure Guidance and Transparency Rule 5.6.1, Albion Crown VCT PLC (“the Company”) announces the following:
As of 27 February 2026, the Company’s issued share capital and voting rights are as follows:  

Class and nominal value of share
Total number of shares in issue
Number of share

Read More