What percentage of natural diamonds are certified by the Kimberley Process?

Prepare for the Gemological Institute of America's Graduate Diamonds Exam. Enhance your expertise with comprehensive quizzes and insightful explanations. Be ready to excel!

Multiple Choice

What percentage of natural diamonds are certified by the Kimberley Process?

Explanation:
The Kimberley Process Certification Scheme is designed to prevent conflict diamonds from entering the market by requiring certificates for rough-diamond shipments between participating countries. Because almost all legal rough-diamond trade is covered, the certification rate is extremely high, though not perfect. In practice, estimates place it around 99.8% to 99.9% of natural rough diamonds being Kimberley Process certified; 99.98% is the closest figure among the options and communicates that near-total coverage. It’s not 100% because a small portion of trade occurs outside the scheme or through informal channels. Note that the process specifically addresses rough diamonds, not polished stones.

The Kimberley Process Certification Scheme is designed to prevent conflict diamonds from entering the market by requiring certificates for rough-diamond shipments between participating countries. Because almost all legal rough-diamond trade is covered, the certification rate is extremely high, though not perfect. In practice, estimates place it around 99.8% to 99.9% of natural rough diamonds being Kimberley Process certified; 99.98% is the closest figure among the options and communicates that near-total coverage. It’s not 100% because a small portion of trade occurs outside the scheme or through informal channels. Note that the process specifically addresses rough diamonds, not polished stones.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy