The UAE has this year been selected as the first and only Arab country to Chair the Kimberley Process, an international group tasked with regulating the global diamond trade. Established in 2003 by the United Nations, 81 participating countries seek to ensure that unregulated rough diamonds do not enter the legitimate diamond market as a means to finance conflict. Over the past 13 years, this mandate has fostered greater transparency in the industry by implementing a rigorous certification scheme.
A key topic throughout the conference was on the subject matter of diamond valuation so much so that the UAE KP Chair hosted a one-day ‘KP Chair Special Forum’ on rough diamond valuation, as a precursor to the Kimberley Process Intersessional meetings on 23 May. The forum covered topics on rough diamond valuation challenges as well as the OECD’s work on enhancing the private sector contribution to responsible mineral supply chains and support to developing countries in raising revenue from executive industries.
The forum was joined by industry leaders from across the diamond industry, including large mining corporations, mining experts and senior advisors from KP Working Groups.
View image gallery here: Kimberley Process Intersessional 2016
Atlantis, The Palm
24 May 2016