Buying blow Kimberley

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Buying blow Kimberley

NB: To re-export, recipients must apply for Re-export Certificate and show that all previous transactions were accompanied by a System of Warranties declaration. Diamond polishers, manufacturers, dealers and retailers:. Report diamond-related crime:. Home The Kimberly Certification Process. What is the Kimberly Process? The Kimberly Process is an international initiative aimed at breaking the link between legitimate trade in diamonds and conflict diamonds. Conflict diamonds are rough diamonds used by rebel movements or their allies to finance conflict aimed at undermining legitimate governments. The Kimberly Process KP represents a unique United Nations mandated joint initiative by approximately 75 countries, the international diamond industry and civil society to stop the flow of conflict diamonds. It imposes extensive legally binding requirements on participants to certify that rough diamonds both exported and imported are conflict free. It was launched in May in Kimberly, South Africa. Why is it needed? Consumer awareness endangered the diamond industry, thereby jeopardizing the many countries which rely heavily on the diamond trade. The trade in polished diamonds will be more transparent and secure, thereby giving consumers the confidence that the diamonds they buy are clean. The KPCS also provides a greater regulatory framework for the diamond industry, something which gives the industry credibility. It provides a platform for countries to promote conflict-free diamonds e. The World Diamond Council governs the process and is made up of State representatives, non-government organizations, and diamond companies. How does the Kimberly Process work? This requires that every time diamonds rough, polished or in Jewellery change hands the seller must affirm on the invoice that the diamonds have been purchased through official channels and therefore not involved in conflict funding. The appropriate government authorities may request to see the report on warranties issued and received. Mining companies and rough diamond buyers: Must keep able records to demonstrate that diamonds were mined or purchased from legitimate source and conflict free source. Need to provide a System of Warranties declaration to accompany all transactions within the country. Recipients of rough Diamonds: Must be a KP participant country and shipment must come from a KP participant country If a shipment crosses a national border it must be accompanied by the System of Warranties declaration Recipients must keep records of KP certificates and warranties for auditing NB: To re-export, recipients must apply for Re-export Certificate and show that all previous transactions were accompanied by a System of Warranties declaration. Diamond polishers, manufacturers, dealers and retailers: Polished diamonds do NOT need a KP Certificate for export however, each sale of polished diamonds requires an industry System of Warranties declaration Must keep records of warranties for auditing by own accountants It is the responsibility of all members of the trade to: Act decisively to ensure that never again can conflict diamonds enter the legitimate trade Understand the issues surrounding Conflict diamonds. Whistle Blowing Hotline. Report Crime.