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

“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
Richemont and Signet Jewelers Could Join Global Diamond Consortium In Bid For De Beers
Richemont, Signet Would Connect The Consortium To Key Global Growth Vectors Spanning Luxury High Jewelry and Mass-Market Retail.
The Global Diamond Consortium (GDC)
Richemont and Signet Jewelers are reported to be in talks about joining the Global Diamond Consortium (GDC), the preferred bidder for De Beers according to a Bloomberg News report.
GDC was selected in July 2026 as one of Anglo American’s preferred bidders for De Beers as part of Anglo American’s ongoing corporate restructuring.
The potential inclusion of Richemont—owner of luxury Maisons including Cartier and Van Cleef & Arpels—and Signet Jewelers—the world’s largest retailer of diamond jewelry, operating brands such as Kay Jewelers, Zales, and Jared—would connect the consortium to key global growth vectors spanning luxury high jewelry and mass-market retail.
Strengthening the Natural Diamond Ecosystem: Participation by major luxury brands and global retail leaders reinforces commitment across the entire value chain—from responsible mining and manufacturing to consumer engagement.
Balanced Governance Structure: Discussions center on potential minority equity positions that would support long-term category growth while maintaining appropriate separation between ownership and commercial strategy.
Broad Stakeholder Participation: The consortium continues to advance talks with host governments, including discussions with the Government of Botswana regarding a potential increase in its equity share in De Beers from 15% to approximately 25%, alongside participation from private investors and southern African host nations.
Discussions between GDC, Richemont, Signet, and participating government stakeholders remain ongoing. Terms of any potential participation, including the size of equity interests, have not been finalized and remain subject to regulatory approvals and definitive documentation.
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