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KP Plans Rough Valuation Forum in Antwerp

Sep 5, 2016 9:29 AM   By Rapaport News
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RAPAPORT... The Kimberley Process (KP) and the Antwerp World Diamond Centre (AWDC) will hold the second of three forums on rough diamond valuation in Antwerp later this month.

The KP will “continue the dialogue” to augment its understanding of “how a more formalized approach to rough diamond valuation would be beneficial to the entire industry,” said Ahmed Bin Sulayem, the United Arab Emirates-based chair of the KP. “We aim to reach a consensus for universal conformity at our third and final meeting.”

The one-day event at the Hylitt Hotel will delve into valuation practices deployed by the global diamond industry, with the aim of developing a more formalized approach. Representatives of miners, auction and tender experts, professional valuators and price specialists will participate in the session September 30, while government, industry and non-governmental organizations have also been invited.

Better awareness and conformity will help producing countries get more value from their mineral resources, the KP said.

“Valuation is and remains a crucial expertise, especially for developing countries relying on the benefit of diamond revenues,” said Stephane Fischler, president of the AWDC (pictured).
Tags: Ahmed Bin Sulayem, Antwerp, Antwerp World Diamond Centre, AWDC, Kimberley Process, KP, Rapaport News, rough valuation
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