India to Assume Chairmanship of Kimberley Process for Third Time from January 2025
India will assume the chairmanship of the Kimberley Process (KP) from January 1, 2025, for the third time. The country plans to focus on strengthening governance, advancing digital certification, enhancing transparency, and building consumer trust in conflict-free diamond sourcing. The Kimberley Process Certification Scheme (KPCS), operational since 2003, covers over 99% of global rough diamond trade with 60 participants.
*this image is generated using AI for illustrative purposes only.
India will assume the chairmanship of the Kimberley Process (KP) from January 1, 2025, marking the third time the country has been entrusted with leading this critical global initiative. The Commerce Ministry announced this development on December 25, highlighting India's continued commitment to eliminating conflict diamonds from the international supply chain.
India's Leadership Role in Global Diamond Trade
The Kimberley Process represents a joint initiative involving governments, industry stakeholders, and civil society organizations working together to control the flow of conflict diamonds. These diamonds, as defined by United Nations Security Council resolutions, are rough diamonds used by rebel groups or their allies to finance conflicts that undermine legitimate governments worldwide.
| Timeline Details | Information |
|---|---|
| Vice Chair Role | December 25, 2025 |
| Chairmanship Begins | January 1, 2025 |
| Previous Chairmanships | Two prior terms |
| Current Participants | 60 countries/entities |
India's appointment comes as the country serves as a leading global hub for diamond manufacturing and trade, particularly in cutting and polishing operations.
Strategic Focus Areas for India's Tenure
During its chairmanship, India plans to focus on four key priority areas:
- Strengthening governance and compliance mechanisms across participating nations
- Advancing digital certification and traceability systems for enhanced monitoring
- Enhancing transparency through comprehensive data-driven monitoring processes
- Building consumer trust in conflict-free diamond certification and sourcing
These initiatives reflect India's commitment to modernizing and strengthening the existing framework while addressing contemporary challenges in the diamond trade sector.
Kimberley Process Certification Scheme Impact
The Kimberley Process Certification Scheme (KPCS) was established following a UN resolution and became operational on January 1, 2003. Since its inception, the scheme has evolved into a highly effective mechanism for curbing the trade in conflict diamonds globally.
| KPCS Overview | Details |
|---|---|
| Establishment Date | January 1, 2003 |
| Total Participants | 60 (EU counted as single participant) |
| Global Trade Coverage | Over 99% of rough diamond trade |
| Governance Structure | Most comprehensive international mechanism |
The scheme currently encompasses 60 participants, with the European Union and its member states counted as a single participant. Together, these participants account for over 99 percent of the global rough diamond trade, making it the most comprehensive international mechanism governing the diamond sector.
India's upcoming chairmanship represents a significant opportunity to further strengthen this vital international framework while leveraging the country's expertise and position as a major player in the global diamond industry.
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