China assumes KP chair

China assumes KP chair
Published: 25 November 2013
The incoming Kimberley Process Certification Scheme (KPCS) chairperson, Mr Wei Chuanzhong says China appreciates the significant role that the scheme must play in promoting legal diamond trade and in ensuring that the precious stone contributes to the sustainable development of the African continent.

The People's Republic of China takes over the chairmanship of the KP from South Africa in January 2014, and the Asian economic powerhouse pledged to ensure that the scheme remains a credible tool in curbing the illegal flow of rough diamonds.

Mr Chuanzhong said as a permanent member of the UN Security Council and a founding member of the KPCS, China is supportive of efforts being made to promote peace on the African continent through the eradication of conflict diamonds.

Meanwhile, the outgoing KP Chairperson, Ambassador Welile Nhlapo expressed confidence that the incoming chair will consolidate the gains made, in particular the developmental role that the KPCS has played in improving the lives of people dependent on diamonds.

China has emerged as a major player in the global diamond trade with market analysts projecting that the Asian country is likely to become the biggest consumer market in the world for jewelry by 2020.
- zbc
Tags: KP, China,

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