Phnom Penh SEZ has signed an agreement with a leading Cambodian diamond trading firm to establish an international standard, industrial diamond processing and export facility on the grounds of Cambodia's leading Special Economic Zone. The overall investment will stand at US$ 6 Million, with the necessary precision machinery being imported from Belgium, a global diamond processing and exporting hub.
Cambodia is currently in the process of becoming part of the Kimberley Process Certification Scheme (KPCS). "From textiles to food processing to security-intense diamond polishing and exportation, Phnom Penh SEZ accommodates a range of industries and continues to attract top notch investments in Cambodia", says Carie Phou, Public Relations Manager at Phnom Penh SEZ. "this new venture will add approximately 100 highly qualified and trained polishing experts to our workforce".
About the Kimberley Process:
The Kimberley Process Certification Scheme imposes extensive requirements on its members to enable them to certify shipments of rough diamonds as ‘conflict-free' and prevent conflict diamonds from entering the legitimate trade. Under the terms of the KPCS, participating states must meet ‘minimum requirements' and must put in place national legislation and institutions; export, import and internal controls; and also commit to transparency and the exchange of statistical data. Participants can only legally trade with other participants who have also met the minimum requirements of the scheme, and international shipments of rough diamonds must be accompanied by a KP certificate guaranteeing that they are conflict-free.