The primary objective of the WDC is to represent the diamond industry in the development and implementation of regulatory and voluntary systems to control the trade in diamonds embargoed by the United Nations or covered by the Kimberley Process Certification Scheme.
- Has established the System of Warranties which extends the effectiveness of the Kimberley Process beyond the export and import of rough diamonds;
- Assists the Kimberley Process by managing the resources of the diamond industry to provide technical, financial and other support;
- Represents the industry in the Kimberley Process, the committees of the Kimberley Process and other relevant forums; and
- Serves as the central point of communication regarding the actions taken to ensure compliance with the regulatory and voluntary systems to prevent the trade in conflict diamonds.
Conflict diamonds are rough diamonds used by rebel movements or their allies to finance conflict aimed at undermining legitimate governments, as described in relevant resolutions by the UN Security Council and UN General Assembly.