Venezuela Dropped From Kimberly Process Diamond Certification Scheme
Monday's Federal Register contains a notice published by the State Department indicating that Venezuela has been dropped from the the list of participants in the international Kimberly Process Certification Scheme. The Kimberly Process imposes requirements on its members to enable them to certify shipments of rough diamonds as "conflict-free."
The U.S. Clean Diamond Trade Act prohibits the import or exportation from the U.S. rough diamonds that are not controlled through the Kimberley Process.
Venezuela withdrew as a participant in the Kimberly Process earlier this year after refusing to allow teams from Kimberly Process member countries to inspect Venezuela's diamond industry.
In the U.S., the Kimberley Process "Importing Authority" is U.S. Customs and Border Protection and the "Exporting Authority" is the Bureau of the Census.
Labels: Venezuela
|posted by Douglas N. Jacobson| Permalink 
