JOHANNESBURG (miningweekly.com) – The second in a series of three, one-day special forums on rough diamond valuation, facilitated by joint governments, industry and civil society initiative the Kimberley Process (KP), will take place on September 30 at the Hylitt Hotel in Antwerp, Belgium, chairperson Ahmed Bin Sulayem announced on Monday.
Held in association with the Antwerp World Diamond Conference (AWDC), the special forum will focus on valuation practices employed by the global diamond industry.
The format will take the shape of an open dialogue that will examine other methods being used to eventually develop a more formalised approach to rough diamond valuation.
Mining company representatives, auction and tender experts, as well as professional diamond valuators and polished price index specialists, will engage in the discussion. Members of government, industry and civil society have also been invited to attend.
“In the second of these special forums, we will continue the dialogue to a better understanding of how a more formalised approach to rough diamond valuation would be beneficial to the entire industry,” says Sulayem.
The aim of these special forums is for all industry players to commit to a set of best practices for all participants of the KP.
“Valuation remains a crucial expertise, especially for developing countries relying on the benefit of diamond revenues. This sequence of valuation seminars, organised by the KP chair, is an excellent opportunity to enhance their knowledge and capacity,” says AWDC president Stephane Fischler.
Established in 2003, the KP aims to prevent conflict diamonds from entering the mainstream rough diamond market.