The Kimberly Process Certification Scheme (KPCS) is a process certified to verify the origin of rough diamonds, as well as protecting them from forgery. This process was established in 2003, to prevent blood diamonds from entering the diamond market. It also prevented the illicit use of diamonds by rebels and terrorists from financing their revolution. The process was meant to assure consumers that the diamonds they purchased were legitimate.
KPCS Weakness
Monitoring the KPCS was its biggest weakness. Almost any nation may become a member of the process, simply by sending a letter to the president of the organization. They disregard the countries' standards and continue to allow them to join the process. Therefore, the means and policy of the process are not fully protected because there are still conflict diamonds which past the KPCS. As in 2007, the shared total trade of rough diamonds were estimated to about 10.2 million dollars only.
KPCS Success
Amidst of its weakness, there are successes which resulted from the Kimberly Process. The organization was able to bring most of the world's trade in rough diamonds under control. According to statistics, the estimated illicit trade outside the KPCS was significantly low.
Related Links: The Kimberly Process
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