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

Consumer Finance Policy Spotlight as CFPB Nominee Considers Workforce Plans

Consumer Finance Policy Spotlight as CFPB Nominee Considers Workforce Plans

Washington, D.C., July 23 Eurotoday Newspaper — Trump consumer finance policy returned to the center of attention after President Donald Trump’s nominee to lead the Consumer Financial Protection Bureau (CFPB) told senators he would keep an open mind on proposals to significantly reduce the agency’s workforce. During his Senate confirmation hearing, the nominee said any staffing decisions would b

Read More

Brussels Warns Google

Brussels Warns Google

The European Commission has imposed a €890 million fine on Google for violating the Digital Markets Act, accusing the tech giant of leveraging its search and app distribution dominance to favor its own services. This decision marks a significant step in enforcing the EU’s gatekeeper rules, aimed at preventing leading platforms from exploiting their control over key digital channels to gain

Read More

Nina Warken Appointed Chancellery Chief by Merz in Cabinet Reshuffle

Nina Warken Appointed Chancellery Chief by Merz in Cabinet Reshuffle

“She is assertive and knowledgeable in security policy matters, which are coordinated here,” Merz remarked about Warken. “She will be my most crucial support in daily government work and my main contact,” the chancellor stated on Friday.
Carsten Linnemann, the CDU’s secretary general, will succeed Warken as health minister.
Philipp Amthor, the state secretary in the digital

Read More

UK Defence Preparedness Highlighted Following Iran’s Warning on US Bombers

UK Defence Preparedness Highlighted Following Iran’s Warning on US Bombers

London, July 23 Eurotoday Newspaper — UK defence readiness has come under renewed attention after the British government confirmed its armed forces are prepared to defend the country following an Iranian warning related to US bomber deployments in the Middle East. Officials said the UK continues to monitor the security situation closely while working with NATO allies to protect national interest

Read More

ECB Allows Europeans to Select the Euro’s New Design

ECB Allows Europeans to Select the Euro’s New Design

The central bank has proposed ten designs for future banknotes, inviting public feedback on culture, nature, access, and trust in cash
The European Central Bank has initiated a public vote on the future design of euro banknotes, urging Europeans to engage with ten proposed designs before a final decision by the end of 2026. This redesign, the first comprehensive refresh since euro cash was intro

Read More

Will Europe Embrace Britain’s New Prime Minister?

Will Europe Embrace Britain’s New Prime Minister?

Andy Burnham becomes the seventh British prime minister to enter Number 10 Downing Street since the Brexit vote a decade ago. Can he rejuvenate the UK’s relations with Europe and revive a stalled reset with Brussels?
Host Anne McElvoy engages with two experts familiar with the complex UK-EU relationship. Sylvie Boulard, France’s defense minister in 2017 and a former MEP, advised Emmanuel Macron on

Read More

Canadian Dollar Rises Amid Boost in Investor Confidence from Strong Retail Sales

Canadian Dollar Rises Amid Boost in Investor Confidence from Strong Retail Sales

Ottawa, July 23 Eurotoday Newspaper — Canadian economy news remained in focus after the Canadian dollar edged higher following stronger-than-expected retail sales data. The latest figures signalled resilient consumer spending, encouraging investors and reinforcing confidence in Canada’s economic outlook despite ongoing global uncertainty.
Canadian Economy News Signals Strong Consumer Spending
Of

Read More

Cat Used to Smuggle Drugs Caught in Russian Prison

Cat Used to Smuggle Drugs Caught in Russian Prison

A cat attempting to smuggle drugs into a Russian prison was intercepted by guards. The feline wore two makeshift collars containing banned substances, according to Russian authorities cited by Euronews.
The incident took place at prison colony No. 17 in Nizhny Novgorod, where prison officers stopped the cat before it reached the facility. Russia’s Federal Service for the Execution of Penal

Read More

L’UE inflige à Google une amende de 890 millions d’euros pour son moteur de recherche et son app store

L’UE inflige à Google une amende de 890 millions d’euros pour son moteur de recherche et son app store

“It’s a strong message to Google, indicating that we expect a serious compliance proposal,” she emphasized. “The goal of our regulations is to ensure market efficiency, not to punish anyone. However, in some cases, we must consider sanctions.”
The Commission stated that Google has already begun to test certain corrective measures — including changes in how free servi

Read More

EU Countries Reinstate Temporary Measures for Big Tech to Identify Child Sexual Abuse Material

EU Countries Reinstate Temporary Measures for Big Tech to Identify Child Sexual Abuse Material

Brussels, July 23 Eurotoday — Online child protection Europe received renewed legal support after European Union member states agreed to restore an interim measure allowing major technology companies to voluntarily detect, report and remove child sexual abuse material (CSAM). The decision restores legal certainty for online platforms following the expiry of the previous temporary framework earli

Read More