Eli Izhakoff: KP Coalition Critical to Diamond Trade’s Future

World Diamond Council president Eli Izhakoff stressed in a
speech to the 7th Annual Meeting of the World Diamond Council in St.
Petersburg, Russia that the Kimberley Process coalition of government, business
and civil society remains critical for the future of the entire diamond
industry and trade

Izhakoff said there needs to be a balance between “the need
of the citizens in the affected country to benefit from the revenues generated
by their diamond deposits; the need of jewelry consumers to feel that the
products they buy are not tainted by human suffering; and the need of the
diamond industry to go about its business in an economic fashion.”