Menu Click here
website logo
Sign In| Sign Up
back back
Diamond trading
Search for Diamonds Manage Listings IDEX Onsite
diamond prices
Real Time Prices Diamond Index Price Report
news & research
Newsroom IDEX Research Memo Search News & Archives RSS Feeds
back back
Diamond trading
Search for Diamonds Manage Listings IDEX Onsite
diamond prices
Real Time Prices Diamond Index Price Report
news & research
Newsroom IDEX Research Memo Search News & Archives RSS Feeds
back back
MY IDEX
My Bids & Asks My Purchases My Sales Manage Listings IDEX Onsite Company Information Branches Information Personal Information
Logout
Newsroom Full Article

Liberia Diamond Sanctions Expected to be Renewed

June 20, 06 by IDEX Online Staff Reporter

The United Nations Security Council is today expected to adopt a resolution renewing Liberia's diamond sanctions for a further six months, with a review scheduled in four months. The country's timber sanctions are expected to be suspended for 90 days. 

 

The renewal of the sanctions comes after a partial lifting of the arms embargo on June 13. Regarding the timber and diamonds sanctions, some Council members were concerned that key benchmarks have not yet been met. The Council also expressed concern that premature lifting may undermine the credibility of their sanctions regimes, and that a degree of pressure should be kept so that the benchmarks could be fully met.

 

The diamond sanctions will be lifted when the Sanctions Committee, with expert advice considers the Government of Liberia has established a “transparent, effective and internationally verifiable” Certificate of Origin regime. The existing certification scheme is the Kimberley Process.

 

Liberia’s new president, Ellen Johnson-Sirleaf, addressed the Council in an open debate 17 March expressing her commitment to fulfill the conditions for the lifting of timber and diamond sanctions.

Diamond Index
Related Articles

NGO Says Liberian Sanctions Should not be Lifted

June 07, 06 by IDEX Online Staff Reporter

Read More...

UN May Lift Liberia Diamond Sanctions

April 12, 06 by IDEX Online Staff Reporter

Read More...

UNMIL/KPCS Helping Liberia to Lift Sanctions

February 05, 06 by IDEX Online Staff Reporter

Read More...

Newsletter

The Newsletter offers a quick summary of the past week's industry news and full articles.
Our Services About IDEX Privacy & Security Terms & Conditions Sign-Up Advertise on IDEX Industry Links Contact Us
IDEX on Facebook IDEX on LinkedIn IDEX on Twitter