CURRENT AFFAIRS

Detailed explanation-1: -From 20-24 June 2022, representatives of governments, the diamond industry and civil society meet in Kasane, Botswana for the Kimberley Process (KP) intersessional meeting.

Detailed explanation-2: -Who is involved? The Kimberley Process (KP) is open to all countries that are willing and able to implement its requirements. The KP has 56 participants, representing 82 countries, with the European Union and its Member States counting as a single participant.

Detailed explanation-3: -The Kimberley Process (KP) is an international, multi-stakeholder initiative created to increase transparency and oversight in the diamond industry in order to eliminate trade in conflict diamonds, or rough diamonds sold by rebel groups or their allies to fund conflict against legitimate governments.

Detailed explanation-4: -Manufacturing centres present a unique kind of loophole - illicit diamonds can be smuggled directly into a polishing factory, and once polished they no longer fall under the oversight of the Kimberley Process.

Detailed explanation-5: -The Kimberley Process (KP) is a multilateral trade regime established in 2003 with the goal of preventing the flow of conflict diamonds.