Blood diamonds Current Affairs - 2020

Category Wise PDF Compilations available at This Link

India to host the Kimberely Process Certification Scheme

The Plenary meeting of Kimberley Process Certification Scheme (KPCS) is to be hosted by India between November 18, 2019 and November 22, 2019. The event is hosted by Ministry of Commerce and Industry. The meeting is held annually to make sure that the trade of diamonds is conflict free.

Highlights of the meeting

During the meeting three special forums are to be held. It includes adapting to changes in diamond industry, financial inclusion and women empowerment in the diamond industry and origin and identification of diamonds. Also, several meetings of the working groups and committees of Kimbereley Process Certification Scheme.

Why is KPCS important for India?

  • Currently India is exporting 24 billion USD. In the coming years it is expected that the target will reach 1 trillion USD.
  • There are more than 1 million people employed in diamond industry in India.

About KPCS

  • India is one of the founding members of the KPCS
  • The Scheme outlines the rules that govern the trade of diamonds. The purpose of the scheme is to prevent the flow of conflict diamonds. It is not an organization. There are no offices or headquarters for KPCS. It cannot frame agreements. It simply relies on contributions of the participants, industries, governments, civil society observers
  • The KPCS has been agreed by the United Nations and the World Diamond Council.

Working of KPCS

The scheme works on certain terms and conditions. The participating countries should implement national legislation, export and import controls and should exchange statistical data. The countries should also be transparent to the scheme meetings.

What are conflict diamonds?

Conflict diamonds are rough diamonds that are used by the rebel movements to finance wars, especially in the third world countries

Get these updates on Current Affairs Today Android App

India to Chair Kimberley Process Certification Scheme from January 2019

India will Chair Kimberley Process Certification Scheme (KPCS) from 1st January 2019. It was was handed Chairmanship by the European Union during KPCS Plenary 2018, which was held in Brussels, Belgium. India as KPCS Chair will be committed to

Commitments of India as KPCS Chair

  • Make KPCS stronger process in terms of inclusiveness, strengthened administration and implementation.
  • Make KPCS more efficient in terms of delivery of what it promises, more transparent and empathetic towards living standards of people who are dependent on production, trade and manufacture of diamonds.
  • Support Artisanal & Small-Scale Mining (ASM) with capacity building, technical assistance and education on valuation, differentiation between natural and lab-grown diamonds and importance of legal and formal mining practices.

Kimberley Process

It is joint initiative of governments, industry and civil societies to stem flow of ‘conflict diamonds’, rough diamonds used by rebel groups to finance wars against legitimate governments. It is also described in United Nations Security Council (UNSC) resolutions. India is one of the founding members of KPCS. At present, KPCS has 54 members representing 81 countries including EU with 28 members.

KPCS came into effect from 1 January, 2003 through United Nations General Assembly (UNGA) Resolution. It outlines the rules that govern trade in rough diamonds. It has evolved into effective mechanism for stopping trade in conflict diamonds. It sets minimum requirements that each participant must meet. In India, the scheme is administered through Department of Commerce under aegis of the Union Commerce and Industry Ministry.

India and KPCS

India is founding member of KPCS. It is actively involved in KPCS activities to ensure that almost 99% of diamond trade in world is conflict free. It is committed to maintaining KPCS as efficient and effective process in order to ensure conflict diamond free status. It is also at forefront in addressing issue of differentiation between Natural Diamonds and Lab Grown Diamonds and ensure responsible business in this area.

India earlier had chaired Ad hoc Committee on Review and Reform (AHCRR). It had held one joint session with Chairs of other Working Groups and 4 sessions with AHCRR committee members to discuss issue of funding of Permanent Secretariat (PS), Multi-Donor Trust Fund (MDTF), peer review mechanism and consolidation to the core document.

Conflict diamonds

Conflict diamonds or blood diamonds are the rough diamonds used by rebel movements in the third world countries especially in Africa to finance (civil) wars with an aim to topple legitimate governments. The KPCS completely bans import and export of rough diamonds without certification.

Get these updates on Current Affairs Today Android App