Happily, we learned that the US Department of State announced a partnership with Guinea to increase transparency and reduce corruption in the “extractives” sector.
Guinea is a valued source of diamonds that are produced through small-scale mining. Due to regulation inefficiency and limited technical capacities and uneven enforcement in the small-scale mining industry, the country can be a highway for conflict diamonds to enter the international market.
The US will focus on assisting the African nation with its diamond mining, as it relates to the Kimberley Process Certification Scheme and the Washington Declaration. They will work to strengthen property rights and land tenure for small-scale miners to ensure more rough diamonds follow a legal chain of custody. Though the Kimberly process has brought awareness and responsibility to the Jewelry Industry, we hope that this and other such partnerships move beyond the Kimberly Process, toward provenance, sustainability, and ethically sourced transparency.
This partnership is part of the implementation of the “Extractive Industries Transparency Initiative (EITI).” This began in 2002 in the UK at the World Summit on Sustainable Development.