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KP Forum on Rough Valuation Set for May 23
May 8, 2016 12:03 PM
By Rapaport News
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RAPAPORT... De Beers and ALROSA will take part in a
Kimberley Process (KP) forum this month on rough diamond valuation aimed at
reaching a consensus on universal
pricing.
The event, hosted May 23 by the KP and the
Organisation for Economic Co-operation and Development (OECD), will bring
together companies, nations and non-profits. The organizers expect to encourage
a discussion on and improve understanding of rough valuation, the office of the
KP chair said.
“If we can come to a set of best practice
principles on valuation which could contribute to better living conditions of
the many people that make living from diamonds around the globe, we
accomplished something significant,” said Ahmed Bin Sulayem, the United Arab
Emirates-based chair of the KP for 2016.
An industry-wide commitment, including best-practice
principles and allowing a “level playing field” for import and export centers,
would be “the most significant transformational change the KP has experienced
within the last ten years.”
Joining miners De Beers and ALROSA at the
forum will be representatives from RBS Capital Markets and nations including
South Africa, Namibia and Botswana. It will coincide with the start of the
Kimberley Process Intersessional in Dubai.
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Tags:
Alrosa, De Beers, Kimberley Process, KP, Rapaport News, Rough markets, rough prices
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