Fridman
A.A., Vecherina O.P. The Importance of the Kimberley Process for the Development of the
Global Diamond Market. // Economics of
contemporary Russia 2015. №2 (69) С.57-72.
The
paper considers the phenomenon of the Kimberley Process (KP) created with the
active assistance of the UN Security Council to ensure control over the two
main quantitative parameters of the global diamond market — production and
trade of diamonds. During more than ten years of the KP certification scheme
(KPCS) performance one managed to reduce significantly the illegal flow of
diamonds, however, the development of diamond-producing countries in Africa
have not been achieved. The reasons for the limited impact of KP can be
explained by the initially set parameters of their activities (consensus in
decision-making, insufficient coverage of the industry and the absence of
serious sanctions), as well as the significant restructuring of the world
diamond market at the beginning of the 21st century.
Keywords: Kimberley
process, diamonds, diamond mining, world diamond market, mineral resources,
stakeholders, institutions, development.
