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The Influence Of The Kimberly Process On Conflict And Natural Resource Trade In Africa-What Can The UN Do?

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Chapter Summary

The implementation of the Kimberley Process Certification Scheme has coincided with relative peace in the states for which the scheme, as originally conceived, was intended: Sierra Leone, Liberia, and Angola. The purpose of this chapter is to strike a cautionary note, because the diamond industry is unique in every sense of the term, and the apparent success in imposing a still cost on illicit traders should not lull the international community into believing that having such a mechanism to deal with oil, for example, will be easy. Diamonds are not oil. A diamond is a unique commodity that has an extremely elastic demand. It is a product whose value is entirely derived by perception; it has no intrinsic value, except in certain industrial contexts.

Keywords: Africa; diamond industry; international community; Kimberley Process Certification Scheme



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