01 Dec 2021
DiamondWorld Directory
Home |
WDC warns of diamonds from CAR entering the markets
Says until KP ban is lifted, trading in such diamond sis illicit
By: Diamond World News Service
Jul 3 2014 4:02PM
Reference: 9281  

The World Diamond Council (WDC) has warned the industry against trading in diamonds from Central African Republic (CAR) and has sought cooperation to curb such a practice which it terms as illicit, until a KP approval is obtained.

The trade body noted that despite the Administrative Decision of the Kimberley Process of May 23, 2013, ordering a temporary suspension of trading in diamonds from the Central African Republic (CAR), diamond production is continuing in CAR and there is evidence of diamonds from the CAR reaching the markets.

The WDC emphasised that until the ban is lifted, trading is such diamonds is considered illicit, and members of the industry dealing in such diamonds would be subject to sanctions agreed to by the World Diamond Council and the diamond exchanges affiliated to the World Federation of Diamond Bourses.

Seeking cooperation from industry members, the WDC urged any member aware of such trading activities, to report the same to the Kimberley Process Authorities in the country in which he or she is operating. “Edward Asscher, President of the World Diamond Council said, “Illicit trading in diamonds from the CAR not only undermines the efforts of the international community to restore peace in the country, but it challenges the reputation of the Kimberley Process Certification Scheme and the efforts of our industry, government and civil society to eliminate the trade in conflict diamonds.”

The Kimberley Process is instituting measures to monitor illicit trafficking in diamonds from the CAR.

The WDC noted that the suspension would continue until a KP review mission is carried out, to ascertain adherence of minimum KPCS standards, but the mission seems unlikely in the near future owing to the present security situation in the CAR.

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
Search News by City
Recent Issue
News in Pictures
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: 30155
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 6614
GJEPC Chairman Interview
Views: 26412
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 36316
Promo for IJ Awards 2012 at NDTV Profit
Views: 50254
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 63610
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 20382
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 48252
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 47402
DW Whatsapp Sub sq
Member of:
Supporter of: