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Industrial Sector Updates – Industrial Policy, Ease of Doing Business, etc.

Kimberley Process 

Why in the News?

The Kimberley Process Plenary has selected India to assume the Chairmanship of the Kimberley Process from 1 January 2026. This will be the third time India will chair the process.

About the Kimberley Process

  • It is a tripartite initiative involving governments, the international diamond industry, and civil society.
  • Aim is to prevent the trade in conflict diamonds.
  • Conflict diamonds are rough diamonds used by rebel groups to finance armed conflicts against legitimate governments, as defined by UN Security Council resolutions.

Governance Structure

  • Chair and Vice Chair are appointed by Plenary consensus.
  • Vice Chair of a year automatically becomes Chair the following year.
  • Plenary is the highest decision making body of the Kimberley Process.

Participants

  • 60 participants representing 86 countries.
  • European Union is counted as a single participant.

India and the Kimberley Process

  • India has been participating in the Kimberley Process Certification Scheme since 2003.
  • This is the third time India has been entrusted with the Chairmanship.
  • India is a major global hub for diamond cutting and polishing, giving it strategic importance in KP deliberations.

Prelims Pointers

  • Kimberley Process deals only with rough diamonds, not polished diamonds.
    • KP is not a UN body, but works in alignment with UN Security Council resolutions.
    • Certification is mandatory for international trade in rough diamonds among KP participants.
    • EU counts as one participant despite multiple countries.
Consider the following pairs: (2025)

Country –        Resource-rich in; 

I. Botswana:   Diamond; 

II. Chile:         Lithium; 

III. Indonesia: Nickel. 

In how many of the above rows is the given information correctly matched? 

(a) Only one (b) Only two (c) All the three (d) None

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