As the calendar turned on the new year, the European Union took over the chairmanship of the Kimberley Process, aimed to ensure sustainable and conflict-free trade in diamonds. Under the leadership of High Representative of the European Union for Foreign Affairs and Security Policy and Vice-President of the European Commission Federica Mogherini, the EU will head this international initiative to stem the trade in conflict diamonds during 2018. The EU emphasized that its tenure would be guided by the principles of sustainability, inclusiveness, responsibility and dialogue. It states, "Our focus will be on further strengthening the implementation and effectiveness of the Process and on ensuring sustainable livelihoods for producing communities." The KP Intersessional will be organised in Antwerp in June and the Plenary meeting in Brussels in November. The EU was vice-chair last year when Australia headed the body. India is now the vice-chair and will chair the organization in 2019.
On the occasion of assuming the lead role, HR/VP Federica Mogherini said "For the European Union, the Kimberley process is part of our work for sustainable development. It is part of our work for sustainable peace – to prevent new conflicts and cut the revenues of criminal and terrorist groups. It is part of our work for human rights – to make sure that diamonds produce wealth, not modern slavery. It has spread the idea that natural resources belong to communities, not militias. The main strength of the Kimberley process has always been that it looks beyond governments, to civil society and to private sector. This is our main asset as we chart the way ahead. We look forward to working closely with all stakeholders in this coming year."