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Kimberly Process

Dilshan Wirasekara, Chairman of the Colombo Stock Exchange

By US Ambassador Gillian Milovanovic, Kimberley Process Chair

Oct 05, 2012 (LBO) - Almost a decade ago, the consensus-based Kimberley Process (KP) certification scheme established minimum requirements for global rough diamond production and trade. Today, to keep pace with a changing world, the KP's 77 participant countries, observers from industry, and civil society must ensure the KP evolves with the global marketplace.

The KP's founders agreed unanimously that diamonds must stop funding rebel movements' violence. Recognizing that millions of people depend on diamonds for their livelihood, they also sought to keep demand for legitimate diamonds strong by preserving the gems' reputation.

The KP set a benchmark - and a level playing field-- for the diamond trade worldwide. No matter where rough diamonds are produced or traded, the KP certificate assures consumers they have not funded rebel groups' abuses.

Though the KP has much to be proud of, a critical touchstone, its definition of a "conflict diamond", no longer meets today's challenges. It does not adequately address rough diamonds linked to other types of conflicts.

Diamonds' attractiveness depends on their association with purity.

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Other industries have suf
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