Wednesday, January 21, 2009

Monitoring the Kimberley Process

The biggest weakness of the Kimberley Process is how it is monitored. Any country can become a member of the Kimberley Process by sending a letter to the organization's president, currently, the European Commission. Whether or not the country meets the standards of the Kimberley Process, it can still become a member.[17] This means that many conflict diamonds are still getting past the Kimberly Certification Scheme because some countries don't meet the requirements of the Kimberley Process. However, as of 2007, it is estimated that its share in total trade of rough diamond has come down to only USD 10.2 million.

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