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KP Plans Rough Valuation Forum in Antwerp
Sep 5, 2016 9:29 AM
By Rapaport News
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RAPAPORT... The Kimberley Process (KP) and the Antwerp World Diamond
Centre (AWDC) will hold the second of three forums on rough diamond valuation
in Antwerp later this month.![](Files/Gallery/DonaldWoodrow-01.jpg)
The KP will “continue the dialogue” to augment
its understanding of “how a more formalized approach to rough diamond
valuation would be beneficial to the entire industry,” said Ahmed Bin Sulayem,
the United Arab Emirates-based chair of the KP. “We aim to reach a consensus
for universal conformity at our third and final meeting.”
The one-day event at the Hylitt Hotel will delve into valuation
practices deployed by the global diamond industry, with the aim of developing a
more formalized approach. Representatives of miners, auction and tender
experts, professional valuators and price specialists will participate
in the session September 30, while government, industry and
non-governmental organizations have also been invited.
Better awareness and conformity will help producing countries get more
value from their mineral resources, the KP said.
“Valuation is and
remains a crucial expertise, especially for developing countries relying on the
benefit of diamond revenues,” said Stephane Fischler, president of the AWDC (pictured).
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Tags:
Ahmed Bin Sulayem, Antwerp, Antwerp World Diamond Centre, AWDC, Kimberley Process, KP, Rapaport News, rough valuation
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