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Kimberley Process Formally Inducts UAE As Vice-Chair
By Gemexi Team | Jewelry Education- Updated On Mar 24, 2020
United Arab Emiraes (UAE) has made history by becoming the first Arab country to be inducted into Kimberley Process (KP) as its vice-chair, and will assume its duties from 2016.
The Kimberley Process Certification Scheme (KPCS) was created in 2002 after a December 2000 UN General Assembly landmark resolution to provide an international certification scheme for rough diamonds. The KPCS is a controlling authority on rough diamond production and trade and currently has 54 participants (including 81 countries from the European Union as a single participant).
The appointment was confirmed by a vote from the Dubai Multi Commodity Centre (DMCC) and UAE Economic Ministry’s authority for KPCS.
Ahmed Bin Sulayem, the DMCC executive chairman while reacting to the development said that they plan to bring their wealth of experience to Kimberley Process. He also added that UAE hopes to enhance and develop the organization by introducing new initiatives and improving the existing ones.
According to the DMCC statement, UAE will now focus on areas within in the diamond industry which can have the greatest impact on growth and development. The Arab nation also hoped to end the diamond conflict on a global level while working on strengthening the three pillars of KP – government, industry and civil society
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