Russian sanctions unsettle diamond power politics
Monday, March 28, 2022 | 4690 Views |
War zone: Russia continues with its invasion of Ukraine PIC: HANDOUT..RUSSIAN DEFENCE FORCE
The Kimberley Process Certification Scheme, encompassing all major diamond producers in its membership of 82 countries and NGOs, was set up nearly 20 years ago to root out conflict diamonds from the global market.
In recent years, meetings of the organisation have featured fiery debates over broadening the definition of conflict diamonds to include vices such as human rights violations, among others. At present, the Kimberley Process (KP) maintains its original, broad definition of conflict diamonds as being “rough diamonds used to finance wars against governments”. In practice, however, the definition is limited to diamonds used by rebel groups to fight legitimate governments, a definition that has meant the KP’s focus has been on war torn Africa such as the Central African Republic and Sierra Leone.
That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...