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Small number of KP participants block consensus on long-awaited reforms, WDC expresses regret

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The World Diamond Council (WDC) in 21st November expressed profound regret that a small number of Kimberley Process (KP) Participants blocked consensus on long-awaited reforms designed to strengthen protections for Africa’s diamond-mining communities.

For three years, the KP Review and Reform Committee worked on the most ambitious reform effort in more than two decades. That work brought the KP closer than ever to a modernized definition of “conflict diamonds” and to the explicit protection of mining communities.

Despite this unprecedented convergence, consensus was denied, not because the evidence was disputed, nor because alternatives were proposed, but because a few Participants chose politics over people.

Feriel Zerouki

“Progress was killed in pursuit of the impossible,” said Feriel Zerouki, President of the World Diamond Council. “Today, some signaled that the lives of diamond miners in Africa are not as valuable as lives elsewhere. They signaled that protection is a privilege, not a principle.Hope is not a strategy,” Ms. Zerouki said. “Hope must now become pressure, accountability and consequence. We will continue – relentlessly – to fight for a Kimberley Process worthy of the lives it is meant to protect.”

  • A wide majority supported expanding the KP definition to include the modern forms of violence affecting mining regions today. The proposed reform package included:
  • Extending the definition of conflict diamonds to cover violence carried out by armed groups beyond traditional rebel movements, including militias, mercenaries, organized criminal networks, private military and security companies, and other non-state actors.
  • Explicitly recognizing diamond-mining communities within the KP’s mandate of protection.
  • Adding armed conflict and systematic or widespread violence to the list of actions covered by the Kimberley Process.

These updates reflected international best practice. The research underpinning them – shared repeatedly over three years – was never challenged, nor was contrary evidence ever presented.

Despite the disappointment, the WDC reiterated its strong belief in the Kimberley Process as a global platform that remains indispensable.

The WDC president called on all KP Participants to use this moment as a reminder that the KP’s vital work to protect diamond mining communities continues.

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DiamondBuzz

Spain invests $813m in Diamond Foundry LGD project

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In a clear sign of the growing strategic importance of lab-grown diamonds for technological applications, the Spanish government has committed a massive EUR 750 million (approximately $813 million) investment to Diamond Foundry’s new manufacturing plant in Trujillo.

This significant funding injection is specifically earmarked for the production of semiconductor-grade, lab-grown diamonds. It dramatically boosts the project’s war chest, adding to the initial EUR 80 million in funding that the European Union had already pledged last December.

The Trujillo facility is poised to become the largest of its kind in Europe, specializing in high-tech, industrial, and semiconductor-grade diamonds.

  • Projected Output: When operations begin—anticipated sometime between 2027 and 2029—the plant is expected to yield over 4 million carats annually, with production slated for substantial increases thereafter.
  • Total Project Value: The full cost of the Trujillo project is reported to be a staggering EUR 2.35 billion.

This monumental investment underscores a key trend in the lab-grown diamond sector: a heavy pivot away from the jewelry market and toward high-value industrial and technological applications.

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