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KP Accelerates CAR’s Diamond Exports

Jun 27, 2018 5:00 AM   By Rapaport News
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RAPAPORT... The Kimberley Process (KP) has agreed to shorten the amount of time it takes to clear diamond exports from the Central African Republic (CAR) to one week.

The KP monitoring team that polices CAR’s exports made the decision following the KP intersessional meeting in Antwerp last week, the nation’s ambassador to Belgium said Tuesday. Approval of shipments previously took two weeks.

The global supply-chain watchdog suspended CAR in 2013 after rebels took over the nation’s government, meaning it could not legally export diamonds. It readmitted the country in 2016, permitting it to resume shipments from certain regions that the KP deemed compliant.

“I am very satisfied with the progress made at the intersessional meeting,” said Leopold Mboli Fatran, CAR’s minister of mines and geology. “The discussions were very fruitful and so were the solutions agreed upon.”

This year is crucial for CAR’s standing within the KP, as the country is at a “decisive stage in the reform of its diamond sector,” the minister added.

Earlier this month, CAR appointed Peter Meeus, the former head of the Antwerp World Diamond Centre and the Dubai Diamond Exchange, as a government adviser as part of its attempts to achieve full compliance with the KP.

Image: A soldier from a former CAR rebel group. Credit: Pierre Holtz for UNICEF/hdptcar
Tags: Antwerp World Diamond Centre, car, Central African Republic, diamond exports, Dubai Diamond Exchange, Kimberley Process, KP, Leopold Mboli Fatran, Peter Meeus, Rapaport News
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