What is the Kimberley Process?

What is the Kimberley Process?

The Kimberley Process Certification Scheme for rough diamonds came into effect on January 1, 2003.

Over 80 countries, including all those represented by the European Community, participate.

Under the terms of the KPCS, each participating government agrees to issue a certificate to accompany any rough diamonds being exported from its territory, certifying that the diamonds are conflict-free. Each country must therefore be able to track the diamonds being offered for export back to the place where they were mined, or to the point of import, and it must meet a set of standards for these internal controls.

Kimberly Process

All importing countries agree not to allow any rough diamonds into their territory without an approved KPCS certificate. It is forbidden to trade diamonds with any non-KP member countries.

Given the large volume of diamonds being traded across borders, it was deemed necessary to produce trade and production statistics which can be compared and analyzed in order to ensure that the diamonds leaving one country match those entering another, by volume and by value.

To learn more about the specifics of the KPCS, visit their homepage.