United Nations General Assembly (UNGA) on March 1 adopted a resolution calling for a strengthening of the Kimberley Process (KP) to more effectively sever the link between the illicit transaction of rough diamonds and armed conflict, thereby contributing to the maintenance of international peace and, in particular, security and sustainable development in artisanal diamond-mining regions. The World Diamond Council has welcomed the adoption of a resolution, which was proposed by the European Union (EU) and ratified by consensus by the members of the 193-member UNGA body.
With 2019 being the final year of the Kimberley Process’ (KP) three-year review, the organization must grasp an historic opportunity to correct shortfalls in the system designed to prevent conflict diamonds from entering the chain of distribution, World Diamond Council (WDC) President Stephane Fischler will tell a special meeting on the role of diamonds in fueling conflict, which is being conducted today in New York as part the United Nations General Assembly’s 73rd Session.
The United Nations General Assembly, welcoming progress made by the Kimberley Process Certification Scheme to break links between the diamond trade and conflict, on March 7 adopted a consensus resolution aimed at intensifying that work and aligning it with the 2030 Agenda for Sustainable Development.
De Beers Group and United Nations (UN) Women, in collaboration with Botswana’s Ministry of Nationality, Immigration and Gender Affairs, today announced a $758,000 (BWP8 million), three-year investment in capacity-building programmes to support women micro-entrepreneurs in select villages in the Okavango Delta and Kweneng District, the company stated in press release. The announcement was made at today’s W Summit in Gaborone, convened by De Beers, which focuses on the advancement of women business leaders in Botswana and southern Africa.
De Beers Group announced a three-year partnership with UN Women to accelerate the advancement of women across its organization and to take steps forward in its plan to be a positive force for supporting gender equality through all its marketing campaigns, the company announced in a press release. Working alongside UN Women, governments and communities in its diamond producing countries of Botswana, Canada, Namibia and South Africa, De Beers will invest US$3 million to advance the prospects of women and girls by addressing key priority areas.
Rob Bates of JCK has gathered his sources to put together an overview of holiday jewelry sales and says that, "The data shows a mixed, but not altogether downbeat, picture. This year, holiday results appear to be all over the map—some independents did great; others recorded a 1 to 2 percent gain, which has become standard for many since the recession. In a surprise, we also saw mixed results at the mass-market level as well." Below are a few notable takeways from the information JCK has gathered.
The Kimberley Process (KP) Plenary held in UAE this week concluded with the announcement that that it has appointed the European Union as its Chair for 2018. The EU will assume responsibility as KP Vice Chair in 2017 with Australia as Chair, and India will be the Vice Chair in 2018 when EU becomes the organisation’s Chair. Consequently, in 2019 India will become the KP Chair.
Stephen Lussier, the CEO of De Beers brand Forevermark, said steps taken in the second half of 2015 after production was reduced had proved their effectiveness with a stronger performance for De Beers in 2016. "We are pretty optimistic," he told Bloomberg TV. "Demand is holding up but I would call it steady rather than booming in terms of consumer sales. This makes us cautious and careful about the second half of 2016 but the polished market has really been stable."
Gold is heading for the first monthly decline since May as investors price in the prospect of higher U.S. borrowing costs by the end of the year and slowing purchases of bullion-backed exchange-traded funds. Bullion for immediate delivery is at around $1,315 an ounce but dropped to $1,309 on Tuesday, the lowest level since June 28, and is down 2.7 percent this month, Bloomberg reported.
The Central Africa Republic (CAR) will resume diamond exports three years after they were judged to be financing armed groups in an inter-religious conflict and placed under embargo, according to the country's mines minister Leopold Mboli Fatrane. After successful elections aimed at drawing a line under the violence, new President Faustin-Archange Touadera is seeking to revive the shattered economy. Mboli Fatrane said on state-owned radio that the partial lifting of the export ban would initially apply to the southern region of Berberati, according to a Reuters report.
At least 300,000 migrants are involved in diamond mining activity in the eastern Lunda Norte province of Angola, mostly illegally, according to Special Rapporteur of the United Nations on Human Rights of Migrants, François Crépeau. He has just concluded an eight-day visit to Angola, at the invitation of the government, to see the scale of the problem. Illegal diamond mining in Angola and smuggling of gems to neighboring states has long been a problem for Angola.
The Diamond Producers Association (DPA) will unveil its diamond promotional campaign at the JCK Show in Las Vegas in June. It will be the first such campaign not sponsored by De Beers. It stemmed from research on millennials, including extensive surveys and focus groups conducted by its marketing firm Mother New York, writes Rob Bates for JCK.
Police say that a man rammed his car through the entrance of Dimo’s Fine Jewelry in Gainesville, Georgia, managed to steal just 50 earrings and was subsequently caught after crashing during his attempted getaway. Store owner Robert Dimo says it didn’t appear that Hogan had any clue what he was doing and just “ran around the store knocking down cases, trying to get into the watches,” but only came away with the earrings. “To be honest, it looked like I was watching a YouTube video of the world's dumbest criminal,” Dimo said. “I mean, it was just stupidity, just total stupidity.”