Post #11

🤩What is the Kimberley Process? [1/3] Between the news, we decided to talk about the regulation of the markets for mineral resources - diamonds. ❓ The diamond market is regulated by the Kimberley Process, a program launched in 2003 in (surprise!) Kimberley with the support of the UN. It aims to solve the problem of "blood diamonds" produced and sold by armed groups. The core is the certification of rough diamond exports: in the ideal world the states control the supply and issue certificates for each shipment. 👁 Today, 80+ countries are participating in the process. If a state fucks up cannot guarantee that the exported diamonds are not used to finance armed groups, it may be suspended. At this stage, the reader may have a lot of questions about the reliability of this mechanism, perhaps even has some ideas on how to bypass it. 🤔 We'll talk about it next time. Devils Below