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

Peers told to attend House of Lords more often — or get fired

Peers told to attend House of Lords more often — or get fired

Hereditary peers, who have membership in the UK’s House of Lords by birthright, were removed from parliament earlier this year through legislation introduced by Keir Starmer.
The implementation of this limited change took over 18 months, and Starmer did not secure agreement on additional reforms to reduce the House’s size, which were part of his Labour Party’s election-winning 2024 man

Read More

Business Press Releases Foster Trust and Enhance Google Visibility

Business Press Releases Foster Trust and Enhance Google Visibility

London, July 13 Eurotoday Newspaper –  Business press releases are becoming a key part of corporate communication strategies as companies seek stronger online visibility and greater public trust. Public relations professionals report that businesses publishing timely, factual announcements are more likely to attract media attention while supporting their long-term presence in Google Search and G

Read More

Brussels Considers Online Child Safety

Brussels Considers Online Child Safety

Expert recommendations prioritize privacy, platform design, and young people’s wellbeing in Europe’s upcoming digital discussion
Today, the European Commission’s child-safety-online panel presents its recommendations to Ursula von der Leyen, steering the European debate from general concerns about young people’s screen time to specific policy decisions regarding social media, age assurance, and

Read More

Blair Advises Burnham: Popularity May Not Follow

Blair Advises Burnham: Popularity May Not Follow

Sir Keir Starmer’s farewell tour is in full swing, but will most of it take place outside the UK?
With additional time in Paris for Bastille Day celebrations and a potential trip to the World Cup final in the US, Starmer is concluding his tenure on the global stage – perhaps his comfort zone.
In Westminster, prime minister-in-waiting Andy Burnham intensifies government preparation, promisin

Read More

Mylan Intends to Divest Up to $363 Million Stake in India’s Biocon

Mylan Intends to Divest Up to $363 Million Stake in India’s Biocon

Bengaluru, July 13 Brussels Morning Newspaper –  Mylan Biocon stake sale has moved into focus after a term sheet showed Mylan plans to sell shares worth up to $363 million in Indian biopharmaceutical company Biocon. The proposed transaction is expected to take place through a block deal, allowing institutional investors to purchase a significant portion of the company’s publicly traded shares.
M

Read More

A ‘Super Tuesday’ for an Expanded EU

A ‘Super Tuesday’ for an Expanded EU

Ireland is prioritizing enlargement during its presidency of the EU Council, actively advancing accession discussions. Today, alongside the EU’s General Affairs Council, four separate accession conferences will be held for Ukraine, Moldova, Albania, and Montenegro, marking significant progress in their membership pursuits. Ireland’s Europe Minister Thomas Byrne noted this is the highest number of

Read More

Brazil’s Economy Forecast Predicts Moderate Growth After October Presidential Election

Brazil’s Economy Forecast Predicts Moderate Growth After October Presidential Election

São Paulo, July 13 Eurotoday Newspaper –  Brazil economy forecast remains positive as economists expect the country’s economy to grow at a moderate pace following the October presidential election. Analysts believe stable domestic demand, improving investment conditions and easing inflation could support continued economic expansion, although fiscal policy and global market uncertainty remain ke

Read More

Sinner Establishes Wimbledon Benchmark

Sinner Establishes Wimbledon Benchmark

Jannik Sinner successfully defended his Wimbledon men’s singles title, overcoming Alexander Zverev in four sets on Centre Court. His victory emphasized the strength and depth of European tennis, highlighting resilience and the high expectations on top players. Sinner triumphed with a 6-7(7), 7-6(2), 6-3, 6-4 scoreline, marking his 100th Grand Slam match win and reinforcing his status as the

Read More

UK Police Arrest 12 in Far-Right Terrorism Investigation

UK Police Arrest 12 in Far-Right Terrorism Investigation

London, July 13 Eurotoday Newspaper – UK police arrests dominated headlines after counterterrorism officers detained 12 people during an investigation into suspected extreme right-wing terrorism. Authorities said the operation followed intelligence linked to an alleged threat against an Islamic event. Officers carried out coordinated searches across several locations while detectives continued g

Read More

Europeans Join Kyiv in Developing Indigenous Missile Defense

Europeans Join Kyiv in Developing Indigenous Missile Defense

In a move to form a “purely defensive Anti-Ballistic Missile Coalition,” Denmark, France, Germany, Italy, the Netherlands, Norway, Spain, Sweden, and the United Kingdom are set to support Ukraine’s Project Freyja, a missile defense initiative by developer Fire Point.
This system is meant to integrate within NATO-standard radars, command centers, and data links of the participatin

Read More