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KP to Audit CAR Diamond Stockpiles

Dec 20, 2016 4:56 AM   By Rapaport News
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RAPAPORT... The Kimberley Process (KP) is seeking a forensic auditor to comb through diamond stockpiles in the Central African Republic (CAR) and assess which stones recovered during the nation’s suspension may be exported.

CAR was suspended from the KP in 2013 following a coup by rebels and readmitted in May this year. During the exclusion period, CAR was banned from exporting diamonds but allowed to carry on mining and production. As a result, stockpiles of rough have accumulated, of which some are considered conflict diamonds and some not.

The KP’s monitoring team responsible for overseeing CAR’s return to the market has agreed on a set of criteria to distinguish between conflict and non-conflict diamonds. The audit should take a few weeks, a source close to the KP told Rapaport News.

The audit will focus on assessing as much as possible the place and date the rough diamonds in the stockpiles were sourced, the KP said in a request for proposals. The stockpile is estimated to be in the tens of thousands of carats, the source said. 
Tags: car, Central African Republic, Conflict Diamonds, Kimberley Process, KP, Rapaport News
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