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Trade in rough diamonds: implementing the Kimberley Process
Trade in rough diamonds: implementing the Kimberley Process
Trade in rough diamonds: implementing the Kimberley Process
Trade in rough diamonds: implementing the Kimberley Process
SUMMARY OF:
WHAT IS THE AIM OF THE REGULATION?
To set up a certification system for importing and exporting rough diamonds. Its main purpose is to implement the Kimberley Process certification scheme (KPCS)*, which aims to ensure that rough diamond purchases are not used for financing violence by rebel movements seeking to undermine legitimate governments.
KEY POINTS
FROM WHEN DOES THE REGULATION APPLY?
It applies from 31 December 2002.
However, certain articles of this regulation dealing with the import/export regimes and transit apply from 1 February 2003.
BACKGROUND
The trade in conflict diamonds* is a matter of serious international concern, which can be directly linked to the fuelling of armed conflict, the activities of rebel movements aimed at undermining or overthrowing legitimate governments and the illicit traffic in, and proliferation of, armaments, especially small arms and light weapons.
The KPCS was developed after countries met in Kimberley, South Africa, in 2000 to explore ways to tackle the growing problems stemming from conflict diamonds.
For more information, see:
* KEY TERMS
Kimberley Process certification scheme (KPCS): the process established in 2003 by the General Assembly of the United Nations Resolution 55/56 to prevent the trade of conflict diamonds.
Conflict diamonds: rough diamonds mined in war zones and sold to finance insurgencies, war efforts of invading armies or the activities of warlords.
MAIN DOCUMENT
Council Regulation (EC) No 2368/2002 of 20 December 2002 implementing the Kimberley Process certification scheme for the international trade in rough diamonds (OJ L 358, 31.12.2002, pp. 28-48)
Successive amendments to Regulation (EC) No 2368/2002 have been incorporated in to the original document. This consolidated version is of documentary value only.
RELATED DOCUMENT
Guidelines on Trading with the European Union (EU) — September 2015 — A practical guide for Kimberley Process Participants and companies involved in trade in rough diamonds with the EU
last update 12.12.2016