Current Affairs - International - Discussion

India has assumed the chair of the Kimberley Process for 2026, marking an important role in the global regulation of the diamond trade. The Kimberley Process is a tripartite initiative involving governments, the diamond industry, and civil society to prevent the circulation of conflict diamonds. It functions through the Kimberley Process Certification Scheme (KPCS), which is a voluntary and consensus-based arrangement rather than a legally binding treaty. Compliance is ensured through domestic laws of participating countries, reflecting a cooperative international framework aimed at maintaining transparency and ethical practices in the diamond industry.