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Avi Paz says KP impasse could affect industry’s well-being
Urges for all members to sit together and resolve the issue
By: Diamond World News Service
Jun 28 2011 8:23PM
Reference: 6108  


Not pleased at the Kimberley Process Intersessional Meeting in Kinshasa failing to reach any firm conclusion, Avi Paz, President of the World Federation of Diamond Bourses (WFDB), opined that the impasse had the potential to hit the well-being of the entire, global diamond industry. He stated that, “The uncompromising positions taken by some Kimberley Process (KP) members and the ensuing lack of agreement regarding the future of rough diamond exports from the Marange region in Zimbabwe would be detrimental in particular to the downstream end of the diamond supply pipeline”.

In his view, what is required by the members is for them to "sit down together and resolve their differences through negotiations.” He felt that the effect of this impasse would also negatively impact the upper end of the diamond industry.

"Millions of people, both in Zimbabwe, as well as in the major diamond manufacturing centres, such as India, who do not have any other means of income, are affected directly and soon enough the industry at large will fall victim to the lack of resolve of the KP”.

It is very sad that through the politicization of the KP talks, some of the KP members have lost sight of what the original objectives of the KP are. At the same time, they are using the unique structure of the KP, with its consensual decision making process, to hold up the process and serve secondary goals that are foreign to the KP," Paz noted.

Paz reiterated, that in spite of the recent lack of resolve, all members of the WFDB are to continue to follow the KP's and the WFDB's directives on rough diamond trading.

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