Firm is developing open platform that traces diamonds from mine to buyer.
Central African Republic Mining News
Diamond giant is investing in an open platform that will allow tracing a rock throughout the entire value chain — from mine to buyer.
Only last year CAR was allowed to resume diamond exports after a three-year ban that tried preventing armed groups from financing a bloody inter-religious conflict.
Cameroon is allowing conflict diamonds from the Central African Republic to cross over its borders and into the legal supply chain due to poor controls, smuggling and corruption, a new report shows.
Ahmed bin Sulayem says a well-structured permanent body able to take over the work currently done by volunteers is urgently needed.
Decision comes three years after the country’s gems were found to be funding armed groups in an inter-religious conflict and placed under embargo.
A year after an export ban on raw gems in the country, reports show its diamonds are being sold to traders from Sudan to Belgium.
The mine is owned by Canadian Axmin, but was taken over by rebels over a year ago.
The newly elected president of the World Diamond Council is not in favour of expanding the scope of the Kimberley Process scheme beyond conflict zones.
Rough diamonds are one of the country's biggest exports.
Numbers are provisional and many more are injured.
Ban comes several weeks after rebels seized control of the country from former President François Bozizé.
International certification body may suspend country for non-compliance.