Page 3 - Kimberly Process News Today

The commodity market is very popular among African traders. Learn more about top traded commodities and the reasons why they maintain popularity

Deputy Minister for Lands and Natural Resources, responsible for mining, George Mireku Duker, on Monday, 22nd May, 2023, led a delegation from the Ministry of Lands and Natural Resources to represent Ghana at the ongoing Kimberly Process meeting at Victoria Falls, Zimbabwe.

Natural Diamond Council, the authoritative resource on natural diamonds, has released its 2023 analytical report entitled, Diamond Facts: Addressing myths and misconceptions about the diamond industry. Through this report, the Natural Diamond Council (NDC) set out to address misinformation about both natural diamonds and laboratory-grown diamonds for industry players, retailers, and consumers alike.

Africa holds mineral wealth with diverse commodities that are sought after the world over. In the diamond industry, revenues elude local communities despite multilateral certification measures.

Africa holds mineral wealth with diverse commodities that are sought after the world over. In the diamond industry, local communities miss out on profits despite multilateral certification measures.

There are certain individuals government is inviting to KP meetings pretending to represent the communities but without their mandate.

Kenya is set to be replaced as the third-largest economy in sub-Saharan Africa by Angola and Ethiopia.

India may be at the top of the global ranking for gold jewellery consumption, however according the Kimberly Process, the country ranks 30th in diamond consumption. This is ironical considering 90 per cent of the world’s natural diamonds pass through Gujarat for cutting and polishing, only to get sold largely in Antwerp and Dubai.

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