New stage of technical re-equipment at AGD DIAMONDS

The completed technical re-equipment of the concentration plant at the Grib Mining and Processing Division made it possible for AGD DIAMONDS to increase the quality of recovered diamonds while preserving all the production targets.

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Angola diamond exports nosedive

Angola exported 706,900 carats of diamonds in October, a decline of 8.3% compared to the previous month, according to media reports citing data from the ministry of finance.

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IGJS 2019 in Delhi concludes in Delhi; Goyal urges industry to be more transparent & ethical

Inaugurating the 3rd India Gold and Jewellery Summit 2019 in Delhi recently, Shri Piyush Goyal, Hon’ble Minister of Commerce & Industry and Railways, Government of India, assured members of the Indian G&J industry of the government’s full support.

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Namibia ponders over tax break on diamond to save jobs – report

The Namibian government is contemplating waiving the payment of royalties by De Beers’ Namdeb to extend the life span of its operations and save jobs.

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DMCC & Diamond Bourse of Italy discuss future of trade on UAE National Day

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06 december 2019

WFDB President Urges KP Plenary to Ensure Pro-Active Role for Proposed Permanent Secretariat

18 november 2019

Implement the Spirit of UN Resolution A/71/L.55 of 27 January 2017
Create well-structured permanent body to take over work done by volunteers Facilitate process of rehabilitation for previously non-compliant countries

(www.wfdb.com) - World Federation of Diamond Bourses President Ernie Blom has appealed to government representatives attending this week’s Kimberley Process Plenary session in New Delhi, India, to ensure that the new KP Permanent Secretariat that is being set up is given a pro-active role, particularly in facilitating the process of rehabilitation of countries that had previously been found to be non-compliant.

Writing in his President's Blog on the WFDB website, Blom urges the KP members to follow the spirit of UN Resolution A/71/L.55 of 27 January 2017 so that that the new structure being set up to replace the current Administrative Support Mechanism (ASM) is not reduced to being “a bureaucratic penpusher”.

Blom says that the Ad Hoc Committee on Review and Reform tasked with the establishment and practical organization of a Permanent Secretariat has put forward a list of functions of the new body that “are only of an administrative nature”.

This fails to tackle a “structural deficiency in the organization”, he writes, elaborating, “One particular problem that demonstrates this is the process of rehabilitation for countries that had previously been found to be noncompliant. The reasons for the long process of normalization in these countries is related to poverty and the lack of human and technical capital and the many structural deficits of a country which has been in a conflict.

“For example, while the special teams that are established to follow up the process of rehabilitation do excellent work in developing the internal controls necessary for a Participant to once again become compliant, these are often voluntary groups with no prior institutional knowledge and therefore lack any consistency in the structures that they implement.”

Unfortunately, the idea that the secretariat “could potentially help to facilitate progress in countries of concern and especially in assisting the Kimberley Process with regard to Participants who had been suspended and who are resuming participation in the KP is nowhere to be found.”

It will be a pity if the opportunity to create such a body is missed, Blom writes, but concludes: “It is not too late and hopefully the Plenary will do what is needed.”