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JULY 9, 2001  


Diamantaires to Perfect Cert System for Diamond Export

Conflict or bloody diamonds are a problem not only for Africa but for the whole diamond industry because each vendor and retailer is to be sure that he deals with "pure" goods. Although, blood diamond amount only 2% to 4% of total diamond volume.
Russia who runs one fourth of total diamond turnover suggested to add control coupon to certificates. This coupon is to be given back to the exporter after he buys the good. But, according to Ivan Ivanov, Deputy Foreign Minister, the customer will include all the official information. This will ensure the good is sold to a solid manufacturing company, not fighting guerrilas.
Before the official decision the UN will consider all the proposals expressed in the communique from Moscow Conference.


Source: Vremya Novostei
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