India to Chair Kimberley Process Certification Scheme

India will Chair Kimberley Process Certification Scheme (KPCS) from 1st January 2018.

India was handed Chairmanship by the European Union during KPCS Plenary 2018, which was held in Brussels, Belgium.

Commitments of India as KPCS Chair:

Make KPCS a stronger process in terms of inclusiveness, strengthened administration and implementation.
Make KPCS more efficient in terms of delivery of what it promises, more transparent and empathetic towards living standards of people who are dependent on production, trade and manufacturing of diamonds.
Support Artisanal & Small-Scale Mining (ASM) with capacity building, technical assistance and education on valuation, differentiation between natural and lab-grown diamonds and importance of legal and formal mining practices.

About the Kimberley Process:

It is a joint initiative of governments, industry and civil societies to stem the flow of 'conflict diamonds', rough diamonds used by rebel groups to finance wars against legitimate governments.
It is also described in United Nations Security Council (UNSC) resolutions.
India is one of the founding members of KPCS.
At present, KPCS has 54 members representing 81 countries including EU with 28 members.
KPCS came into effect from 1 January, 2003 through United Nations General Assembly (UNGA) Resolution.
It outlines the rules that govern trade in rough diamonds.
It has evolved into an effective mechanism for stopping trade in conflict diamonds.
It sets minimum requirements that each participant must meet.
In India, the scheme is administered through Department of Commerce under aegis of the Union Commerce and Industry Ministry.

About India and KPCS:

India is a founding member of KPCS.
It is actively involved in KPCS activities to ensure that almost 99% of diamond trade in world is conflict free.
It is committed to maintaining KPCS as an efficient and effective process in order to ensure conflict diamond free status.
It is also at the forefront in addressing issue of differentiation between Natural Diamonds and Lab Grown Diamonds and ensure responsible business in this area.

What are Conflict diamonds?

Conflict diamonds or blood diamonds are the rough diamonds used by rebel movements in the third world countries especially in Africa to finance (civil) wars with an aim to topple legitimate governments.
The KPCS completely bans import and export of rough diamonds without certification.

Question:

Q. India will Chair which global scheme from 1st January 2018?
a. Kentucky Process Certification Scheme (KPCS)
b. Kimberley Process Certification Scheme (KPCS)
c. Quaterly Process Certification Scheme (QPCS)
d. None of the above