3 December 2012

Angola: Diamond Sector in Recovery

Washington — The minister of Geology and Mining, Francisco de Queiróis, said in Washington that the Diamond sector in Angola is recovering from the European crises of 2011 and international financial crisis of 2008.

According to the official, who was assessing the Angolan participation in the annual plenary meeting on Kimberly Process in Washington, the sector was very much hit by the world financial crisis in 2008.

"Some of the world countries were obliged to close doors what affected Angola both financially and socially. "In 2011, there was another slowdown due to the crisis in European countries, but at this moment the Angola is in the recovery phase".

He underlined that in Angola, the recovery of the sector has been contributing a lot to the improvement of population's living standards.

Regarding the annual meeting, the minister said that the participation of Angola was a success, provided that the activity of the sector was considered very positive.

Speaking about the institution, Francisco de Queiróis said that Kimberly Process exists for 10 years and it is a tool with a great incidence that has been showing a lot of efficiency and safety in relation to the diamond industry, thus contributing to stabilization of the diamond market".

The minister led the Angolan delegation that participated on 27-30 November in the annual plenary meeting on Kimberly Process in Washington in the US State department.

The Kimberley Process started when Southern African diamond-producing states met in Kimberley, South Africa, in May 2000, to discuss ways to stop the trade in 'conflict diamonds' and ensure that diamond purchases were not financing violence by rebel movements and their allies seeking to undermine legitimate governments.

In December 2000, the United Nations General Assembly adopted a landmark resolution supporting the creation of an international certification scheme for rough diamonds. By November 2002, negotiations between governments, the international diamond industry and civil society organisations resulted in the creation of the Kimberley Process Certification Scheme (KPCS).

The KPCS document sets out the requirements for controlling rough diamond production and trade. The KPCS entered into force in 2003, when participating countries started to implement its rules.

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