Russia question lingers as KP debates Kasane agenda
Friday, May 20, 2022 | 1530 Views |

On and on: Analysts believe Russia’s war in Ukraine may last through the year PIC: MARCA
The global diamond industry meets in Kasane on June 20, a keenly awaited event as the world’s biggest producer of precious stones, Russia, continues its military invasion of Ukraine.
The Kimberley Process (KP), consisting of 85 countries, diamond producers, observer groups, and civic organisations, faces a moment of truth in its nearly two-decade history of being the world’s premier watchdog for conflict diamonds.
We are told of massive spin-offs for hosting countries, which we assume was the catalyst behind putting in the bid.We are not too sure if it is a one-size fits all, where any hosting nation reaps the benefits or it’s on a case-by-case basis.There are arguments from both ends, with hosting a sure way to accelerate infrastructure development and a guaranteed cash flow during the 30-days of the tournament.There is a bump in employment creation...