AWDC Calls for Multiple G7 Verification Points

24/05/2024 10:59

In a statement issued by the Antwerp World Diamond Centre (AWDC), the umbrella organization calls for the inclusion of one or more G7 verification points for rough diamonds, outside of the G7 and EU. Antwerp's representative body says it is fully aligned with the G7 and EU's ban on Russian diamonds through a solid but workable verification system, including the use of traceability solutions, which at the same time ensures the trade of non-sanctioned goods is not affected.

The statement continues by stating that AWDC is proactively advocating for the possibility to add outside G7 verification points in G7 and EU conversations on further implementation of sanctions regulation, making sure all stakeholders are involved and aligned. Antwerp has been designated as the focal point within the EU for G7 rough verification and certification and says it is working on ensuring the industry can adapt to the new reality of traceability requirements, avoiding abrupt transitions for the wider industry.  

Photo credit: AWDC