29 Jun 2022
DiamondWorld Directory
-
Home |
News
Home
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  

DecreaseIncrease

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.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31030
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8168
GJEPC Chairman Interview
Views: 27247
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 37793
Promo for IJ Awards 2012 at NDTV Profit
Views: 51770
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 65486
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21155
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 49607
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 50998
Member of:
Supporter of: