Is
the World still trading in Blood Diamonds from the Central African Republic?
AIG Appraisal:
Diamonds from the Central African Republic (CAR) are reaching international
markets despite the fact that trading in rough diamonds from the CAR was suspended
by the Kimberley Process in May 2013.
The Kimberly Process http://www.kimberleyprocess.com/ instituted a temporary ban on trading in rough diamonds from the Central African Republic after the Séléka Rebel groups overthrew President François Bozizé, using rough diamond sales from the country’s alluvial mining to fund their operations.
The Séléka
Rebels have controlled diamond producing areas in the north since 2010; but now;
even after losing in control of the government, they are still in control of
large parts of the Central African Republic (CAR). This could become a real
challenge to the Kimberley Process stopping the trade of "Blood Diamonds."
The Kimberley Process suspension will remain in place until a review mission to the Central African Republic (CAR) can be carried out, which right now is highly doubtful due to the country’s civil war. Diamond mining along the Boungou River tributaries in the Central African Republic (CAR) are reaching the international marketplace by cross border smugglers into neighboring countries.
World
Diamond Council Alert:
The
latest report from Belgium: authorities seized rough diamonds that match the production
footprint of rough diamonds mined in the Central African Republic (CAR). The World
Diamond Council (WDC) said any person or company caught trading in rough diamonds
from the Central African Republic (CAR) will be subject to sanctions agreed
upon by the WDC. World Federation of
Diamond Bourses (WFDB) President Ernie Blom said in an interview that members
can be suspended or expelled when caught trading in Conflict Diamonds.
Diamantaire
Edward Asscher; the President of the WDC; said in a recent interview; that trading
in Conflict Diamonds from the Central African Republic (CAR) undermines the efforts of the country’s
efforts to restore peace, and challenges
the Kimberley Process’s ability to eliminate the trade in conflict diamonds.
Isn't it
interesting that in interview after interview; no one will use the phrase Blood
Diamonds, even that phrase is now sanitized, buffed, polished, and changed to Conflict Free
Diamonds.
The
basic idea of the Kimberley Processes to ensure that consumers can buy verified Conflict
Free diamonds. Tracing a diamonds origin in geology that is similar in all of the
diamond producing countries in West Africa can be difficult. The Kimberley
Process is trying to implement a system dependent on good governance in countries
where there is no good governance, countries like Angola, Zimbabwe and the
Central African Republic. Can the blood in these conflicts, like the conflict
in the Central African Republic be stopped? It will not be as easy as it is to change
the phrase Blood Diamonds to Conflict Free Diamonds.
No comments:
Post a Comment