|Eli Izhakoff, Chairman of the World Diamond Council|
This important international development comes in the wake of the recent election of two Israeli Diamond Industry leaders – Avi Paz and Moti Ganz – as Presidents of the WFDB and IDMA respectively.
World Diamond Council (
Izhakoff notes that
The position of KP Chairman might be prestigious but it is also very demanding, particularly at a time when the world economy is reeling and turbulent.
And it is clear that there are still major obstacles to overcome: Just recently two NGO’s (Partnership Africa Canada and Global Witness) accused the Kimberley Process of ineffective handling of non-compliance in countries like
Izhakoff explains that the Kimberley Process is exactly that – a process. “The system works, but we cannot achieve miracles overnight. This is why we are convened here in
Izhakoff stresses that the controls must be tightened, from the chain of warrantee within the industry to government oversight.
He cites Venezuela as an example of a country that is doing its best to be reinstated in the Kimberley Process: “
The Israeli Diamond Industry will undoubtedly face significant challenges as Chair of the Kimberley Process. But let us not forget that it is an industry that has always prided itself on its unwavering integrity as well as its ability to adapt to difficult situations, two qualities it will doubtless need to draw upon in its new role.