Moldova Plans to Align Rough Diamond Trade Controls with Kimberley Process Standards

The Republic of Moldova aligns its diamond trade with the international standards of the Kimberley Process

The Republic of Moldova intends to establish a mechanism to control the international trade in rough diamonds, in accordance with the requirements of the Kimberley Process. The measure aims to prevent trade in so-called ‘blood diamonds’, the proceeds from the sale of which are used to finance armed conflicts.

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The Ministry of Economic Development and Digitalisation has drawn up a draft law amending the Law on the Regime of Precious Metals and Precious Stones. The initiative aims to establish a system for verifying and confirming certificates for rough diamonds, including cleaved, simply cut or simply polished diamonds. The State Chamber for the Supervision of Marking will be responsible for verifying and confirming the certificates for these diamonds.

The amendments relate to the Republic of Moldova’s commitments within the framework of its negotiations for accession to the European Union.

The Kimberley Process is an international certification scheme for rough diamonds, established in 2003 to prevent trade in diamonds originating from conflict zones, the proceeds of which may finance armed conflicts. Currently, the Kimberley Process comprises 54 participants from 81 countries, with the European Union represented as a single participant.

This story was translated with the assistance of artificial intelligence.

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