A crucial change to GIA grading reports could restore confidence among the trade and consumers.
Prices for Rough at TAGS Tender Exceed Expectations
Sale of specials achieves 95% sell-through rate.
Kimberley Process Move on Conflict Diamonds Is Slow and Symbolic
The proposed new definition targets a broader range of armed groups. Member countries would veto anything stronger.
The main news from the recent Kimberley Process (KP) intersessional meeting related to the organization’s definition of conflict diamonds. The African Diamond Producers Association (ADPA), which represents 15 countries, proposed a revised text extending this scope. Every KP member will have to approve it before it can go into effect.
The problem has been well-documented. The KP currently defines “conflict diamonds” as “rough diamonds used by rebel movements…
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