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Article: U.S. Kimberley Process regulations meet July 31 deadline.
- Article from:
- Israel Diamonds
- Article date:
- August 1, 2003
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U.S. regulations were fully in place by the end of July, in compliance with deadlines set at the April meeting of the Kimberley Process, reported the World Diamond Council. July 31 was the deadline set for the implementation of regulations, after which, technically, non-compliant nations would not be eligible partners in the diamond trade.
"We welcome full implementation of the Kimberley Process system in the United States," said Eli Izhakoff, Chairman and CEO of the World Diamond Council. "Given the importance of the U.S. market to the diamond industry, full compliance with international agreements to protect the legitimate trade from conflict diamonds is ...