Jump to content
Create New...

Kimberley Process stalls again on conflict diamond reform

ExpertFX Podcast - No time to read? Let me read it for you. Press Play!

The Kimberley Process (KP) has failed for a third straight year to agree on an expanded definition of conflict diamonds after a five-day plenary in Dubai.

Delegates from 86 member countries arrived with expectations that long-delayed reforms might finally advance. Since Russia’s invasion of Ukraine in 2022, pressure has intensified to modernize the definition of conflict diamonds, and media reports suggested negotiators were close to a breakthrough.

World Diamond Council (WDC) president Feriel Zerouki opened the meeting by warning that the KP stood at a crossroads and urged members to move the system forward. The effort collapsed anyway.

The WDC said it felt profound regret that a small group of participants blocked consensus on reforms meant to better protect Africa’s diamond-mining communities. The Review and Reform Committee had spent three years crafting what the WDC called the most ambitious overhaul in more than two decades. The proposed definition covered violence carried out by militias, mercenaries, organized criminal networks, private military and security companies and other non-state actors. It would also have formally recognized mining communities within the KP’s mandate and added armed conflict and systematic or widespread violence to the list of actions covered.

According to the WDC, the research behind the proposal was shared repeatedly and never challenged. The group said progress was halted not over evidence or language but because a few members pushed the KP to intervene in matters beyond its authority, including state decisions and national security. Zerouki said that stance signalled that the safety of African miners mattered less than that of others.

A large majority supported the reform package, and the WDC stressed that the setback came from a minority, not from the KP itself. Zerouki urged participants to turn disappointment into pressure and accountability, saying the organization must remain worthy of the people it is meant to protect.

Mounting scrutiny

The fresh setback came as outside critics intensified scrutiny of the KP. Earlier in the month, IMPACT, an organization that oversees natural resources management in areas where human rights violations are a concern, released a statement arguing that the KP’s structure and track record make it a poor model for responsible mineral governance. 

The group said the system has struggled with issues tied to conflict, human rights abuses, smuggling and corruption, and noted that other sectors have shifted to due-diligence approaches that place responsibility on companies rather than governments. 

The Kimberley Process Civil Society Coalition voiced similar concerns after the Dubai meeting.

Latest comments

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Terminal Visitor
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

TRADING HUB
● MARKET OPEN
Loading...
RETAILS SENTIMENT
INVERSE
  • Loading...


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use of Use and Privacy Policy

Search In
  • More options...
Find results that contain...
Find results in...

Write what you are looking for and press enter or click the search icon to begin your search

Live Global Sessions
Real-time NYSE Data Feed
Enjoying ExpertFX? 📈
Your review helps our community grow. Rate the app in seconds.