BAKU, Azerbaijan, February 20. The import,
export, use, circulation, accounting, storage, and tracking of
unprocessed diamonds will be controlled by the government in
Azerbaijan, Trend
reports.


The issue is reflected in the draft law on amendments to the law
"On precious metals and gemstones," which was discussed at today's
plenary session of the parliament.


According to the draft law, unprocessed or simply cut, split, or
broken precious stones, the list of which is determined by the
codes of the commodity nomenclature of foreign economic activity by
the body (institution) determined by the relevant executive
authority, will be considered unprocessed precious stones.


The government control in the import, export, use, circulation,
accounting, storage, and tracking of unprocessed diamonds will be
exercised by the body (institution) determined by the relevant
executive authority.


The form and rules for issuing a certificate in accordance with
the requirements of the Kimberley Process Certification Scheme
(KPCS) in relation to the export of rough diamonds and the
implementation of state control in the areas of import, export,
use, circulation, accounting, and storage, including tracking, and
the KPCS on the export of rough diamonds will be determined by the
body (organization) designated by the relevant executive
authority.


In Azerbaijan, import and export of rough diamonds can only be
carried out from member states of the KPCS. Import and export of
rough diamonds will be carried out based on the opinion of the body
(organization) designated by the relevant executive authority.







The "Form and rules for issuing a certificate in accordance with
the KPCS requirements on the export of rough diamonds and the
implementation of government control in the areas of import,
export, use, circulation, accounting, and storage, including
tracking, and the implementation of government control in the
export of rough diamonds" will be approved after the law
adoption.


After discussions, the draft law was put to a vote and passed in
the third reading.


The Kimberley Process Certification Scheme (KPCS) is a global
initiative established in 2003, designed to safeguard the diamond
trade from the infiltration of "conflict diamonds." These are rough
diamonds exploited by rebel factions to finance armed conflicts
against recognized governments, and the KPCS aims to ensure they do
not enter the legitimate market. Member countries must certify that
shipments of rough diamonds are free from conflict, guaranteeing
their transport in secure, tamper-proof containers.


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