Advanced Search

World Diamond Council Reminds the Trade to Avoid CAR's Rough Diamonds

May 28, 2013 2:34 PM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Eli Izhakoff, the president of the World Diamond Council, offered his support,  without reservations, to the Kimberley Process' decision to temporarily suspend the Central African Republic (CAR). 

"This is a tough but appropriate measure that will defend both the integrity of the diamond pipeline and, also, ultimately the wellbeing of the people of the Central African Republic,"  Izhakoff said. "It is a procedure which has shown itself to be effective in the past. I call on all members of the industry to be vigilant and take all necessary measures to ensure that, until further notice from the Kimberley Process, that no rough diamonds from the CAR are handled and or traded."

Welile Nhlapo, the 2013 chair of the Kimberley Process, confirmed that due diligence, which included issuing a vigilance notice to CAR in March and a vote by Kimberely Process members, resulted in the country's immediate suspension. The decision and the political situation in CAR will be reviewed by the Kimberley Process working group on monitoring, in consultation with other working bodies, at the upcoming intersessional meeting in South Africa on June 4 to 7.

Tags: car, diamonds, Jeff Miller, Kimberley Process, rough, suspension
Similar Articles
De Beers sightholder office 150Rough Prices Firm at $555M De Beers Sight
Mar 06, 2018
Rough diamond trading was robust in February, with De Beers notching $555 million in sales during the
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.