Menu
Decisions that are taken over the next six months, as part of the review and reform process, will reverberate for years to come and impact lives and livelihoods all the way up and down the diamond value chain.
More reactive and news-oriented, the new website opens a window into the functioning and approach of the WDC, which for 19 years has represented the diamond and jewelry industries in the tripartite KP forum.
In a business where the overwhelming majority of end-consumers are female, women in the diamond sector are remarkably under-represented.
During the briefings, WDC President Stephane Fischler described the revised SoW as an “essential building block” for participants in the diamond supply chain towards implementing the OECD’s due diligence guidance for minerals from high-risk areas.
While somewhat narrower in focus than that of the OECD’s full due diligence guidance, it is our strong contention that the SoWs are a crucial component for implementing the OECD system in the diamond supply chain.
Nonetheless, the WDC considered as positive the noting in the KP Plenary’s final communique of the submission by the Canadian government of an expanded definition of conflict diamonds, which had been proposed by WDC and its fellow KP observer, the Civil Society Coalition (CSC).
The proposed change would expand the scope beyond rough stones that finance wars against governments, and supports the industry’s drive in protecting consumer confidence in diamonds and the value chain, as reflected by the System of Warranties (SoW) reforms recently launched by the WDC.
Contact Info
Stay Updated
Get latest news and
updates direct in your
inbox !
