The World Diamond Council (WDC) is encouraging stakeholders to review the WDC System of Warranties (SoW) Toolkit. This follows its unanimous adoption as a working draft by the WDC Board of Directors and its review by WDC members. First introduced in 2002, the SoW is an industry self-regulation system that requires buyers and sellers of diamonds to pass on a warranty statement on B2B invoices and memos each time stones changes hands, assuring the next buyer that they originated from sources in compliance with the Kimberley Process Certification Scheme (KPCS).
Elodie Daguzan, a 19-year veteran of the diamond industry and currently Head of Communications and Industry Relations at Rubel & Ménasché, has been appointed Executive Director of the World Diamond Council (WDC). She will officially assume duties on February 1, 2020, following approval by the organization’s Board of Directors.
Diamond traders established in the United Kingdom should not be too greatly affected by the latest, if not last, round of negotiations ahead of the country's exit from the European Union (EU). The UK has managed to secure the status of participating member of the Kimberley Process (KP) diamond certification scheme. The UK had already held the status as a member of the European Union.
Steps you need to take due to the restructuring by the Kimberley Process of the Operational Framework System for rough diamonds from the Central African Republic (CAR)
With the Kimberley Process (KP) Plenary starting next week in New Dehli, KP Observers are saying the certification scheme has reached the moment of truth as to whether it will expand its definition of 'conflict diamonds', a move many see as critical to the KP's continued relevance.
Russian diamond miner Alrosa served as a co-organizer of the ‘Russian-African Collaboration in the Diamond Industry’ panel session at the Russia-Africa Economic Forum business program in Sochi, the company announced today. Russia and African countries together account for about 75% of the global rough diamond production and are truly interested in the sustainable development of the global industry.
With their Annual General Meeting kicking off tomorrow in Antwerp, the World Diamond Council (WDC) today issued a statement concerning rough diamond exports from the Central African Republic (CAR). The WDC is an industry organization representing the full range of diamond-related organizations, including miners, manufacturers, retailers and trade organizations.
It is no secret that since De Beers stopped shouldering the promotional burden for the diamond industry more than a decade ago, investment in category marketing has steadily declined. The Diamond Producers Association (DPA) was created a couple of years ago, but by their own admission their efforts alone are not enough, and more funds are needed.
The Legislative Assembly of Macau, or officially the Macao Special Administrative Region of the People's Republic of China, recently passed a government-initiated bill which will enable Macau to implement the Kimberley Process Certification Scheme (KPCS). This will allow the city to formally engage in the international trade in rough diamonds in line with international standards. The bill will take effect on October 1 and aims to help Macau develop a rough diamond trade sector. Its outline was passed during a plenary session of the legislature in April.
Global rough-diamond production fell to 148.2 million carats in 2018, a decline of less than 2% from the 150.9 million carats recovered in 2017; however, a 4% rise in the average price per carat led to a 2.4% increase in the value of the world's rough diamond production, according to Kimberley Process (KP) data. Global diamond production was worth $14.47 billion in 2018 compared to $14.12 billion in 2017, as the average price per carat rose to $97.5 from $93.6.
The Kimberley Process Intersessional Meeting 2019 opened in Mumbai yesterday as the organization tasked with eliminating conflict diamonds approaches what may be considered a critical junction: will it stay the course or take a leap forward?
As the Kimberley Process Intersessional kicks off this morning in Mumbai, the Kimberley Process Civil Society Coalition (KPCSC) have made a forceful call to the KP Member States to finally address the issue of conflict diamonds, Continued violence in diamond production, it warns, threatens the relevance of the KP as well as long-term African diamond revenues by fuelling ethics concerns about the sector.
The 2019 Kimberly Process (KP) Intersessional, with India as its Chair, will take place in Mumbai starting next week Monday. Ahead of the meeting, Stéphane Fischler, President of the World Diamond Council (WDC), urged mining and manufacturing countries in particular to heed the concerns of those in the diamond-consuming countries and to address issues regarding the integrity of the diamond value chain. Those in the industry who are more directly involved with consumers appreciate the urgency of KP reform, as time is running out.
A delegation from Angola paid a visit to Antwerp this week as part of the country’s ongoing efforts to restructure and reform the functioning and reputation of its diamond industry, traveling to the diamond capital for consultations regarding implementation of the Kimberley Process (KP) regulations. The visit follows that of President João Lourenço to Antwerp last June, and the Belgian mission to Angola last November, spearheaded by Belgium’s Deputy Prime Minister and Minister of Foreign Affairs and European Affairs, Didier Reynders.
United Nations General Assembly (UNGA) on March 1 adopted a resolution calling for a strengthening of the Kimberley Process (KP) to more effectively sever the link between the illicit transaction of rough diamonds and armed conflict, thereby contributing to the maintenance of international peace and, in particular, security and sustainable development in artisanal diamond-mining regions. The World Diamond Council has welcomed the adoption of a resolution, which was proposed by the European Union (EU) and ratified by consensus by the members of the 193-member UNGA body.
With 2019 being the final year of the Kimberley Process’ (KP) three-year review, the organization must grasp an historic opportunity to correct shortfalls in the system designed to prevent conflict diamonds from entering the chain of distribution, World Diamond Council (WDC) President Stephane Fischler will tell a special meeting on the role of diamonds in fueling conflict, which is being conducted today in New York as part the United Nations General Assembly’s 73rd Session.
The Kimberley Process (KP) is set to adopt a draft resolution that opens up the potential to expand its mandate beyond the narrow confines of eliminating 'conflict diamonds' as currently defined. The draft resolution is entitled "The role of diamonds in fuelling conflict: breaking the link between the illicit transaction of rough diamonds and armed conflict as a contribution to prevention and settlement of conflicts," which it will include in the provisional agenda of its next session, committing the KP to discuss a report on the implementation of the Kimberley Process.
Monday afternoon in Brussels at the opening of the Kimberley Process (KP) Plenary session, World Diamond Council (WDC) President Stephane Fischler urged the delegation to support the strengthening the KP by expanding the definition of conflict diamonds (Read full speech). The expanded definition proposed by the Canadian government includes diamonds associated with widespread and systematic violence.
The Central African Republic (CAR) has made an appeal to members of the Kimberley Process (KP), whose Plenary meeting commences in Brussels today, to engage with the country to increase its rough-diamond exports. The CAR government has asked the KP family to approve the compliance of nine additional mining zones in the Western part of the country - in addition to the five areas already approved in 2015 - and to formallize the decision taken at the KP Intersessional last June to reduce the approval period for rough-diamond exports to seven days.
This week, a group of nine government officials from four African diamond-producing countries (Cameroon, Congo Braza, Cote D'Ivoire, Guinea) embarked on a ten-day training course in Antwerp, furthering their knowledge of rough-diamond evaluation and valuation. The course, called the "KP Technical Assistance Valuation Program", originates from the commitment of the Diamond Development Initiative (DDI), which coordinates requests for Technical Assistance on behalf of the Administrative Support Mechanism (ASM) in the framework of the KP.
The World Diamond Council (WDC) concluded its 14th Annual General Meeting (AGM) in Mumbai, India this week, reaching consensus on critical areas of reform for both the Kimberley Process and the WDC System of Warranties (SoW), the industry organization announced in a press release. The WDC passed resolutions for further improvement of a responsible supply chain and enhanced self-regulation exercise within the WDC SoW.
The World Diamond Council (WDC) kicked off its 2018 Annual General Meeting (AGM) in Mumbai on October 22, with its focus being on reform of the Kimberley Process and WDC System of Warranties in support of a commitment to sustainable development by the diamond industry. The meeting is hosted by The Gem and Jewellery Export Promotion Council (GJEPC), and this year’s event welcomed several new member organizations that strengthen the collective voice of the Council, particularly in Belgium, China and Africa. The agenda will continue to focus on a push for reform, both externally in the Kimberl
The EU Chairmanship of the Kimberley Process and the ongoing review of the KP provide a unique opportunity to transform it into a tool not just for conflict prevention, but also for sustainable development, the AWDC told us yesterday afternoon. The gathering momentum for transforming the KP's very narrow definition of conflict diamonds during this year’s Chairmanship will only be brought to fruition through the concerted efforts of all the public and private actors across the diamond value chain.
Stephane Fischler, President of the World Diamond Council, spoke with Mines to Market. Some key takeaways [for the complete interview, click 'Read the full article']:
MtM: What is your idea of the ideal environment for the diamond industry to evolve in today’s scenario?
Fischler: The ideal scenario for the diamond industry, as for any industry, is a combination of positive tension on the 'supply and demand' side and growing consumer desire for the product. That is the theory.
Global rough diamond production in 2017 grew to levels not seen since 2008, and achieved its highest overall value since the Kimberley Process started gathering statistics in 2004 - and most likely the highest value ever for a single year of production. The volume of diamond output in 2017 surged by 19% to 150.9 million carats (126.4m cts in 2016), with the average price increasing 8% to $105 per carat.
From June 19 to 22, Antwerp was the host city for the Kimberley Process (KP) Intersessional meeting. This year, the European Union occupied the KP Chair, under the lead of Hilde Hardeman (pictured). The global diamond community - consisting of diamond-producing and trading countries, the diamond industry and civil society - gathered together to assess the current state of affairs and look forward to the future of the KP.
The Kimberley Process Intersessional being held in Antwerp got into full swing this morning, and while the proceedings were calm and orderly - not always a given when the 54 participants (representing 81 countries) get together for their annual meetings - there were some noteworthy highlights.
The Kimberley Process Intersessional meeting kicked off today in Antwerp, as the diamond capital welcomed the international diamond community for the prestigious four-day conference. A total of 54 participants representing 81 countries (the European Union and its 28 Member States count as a single participant) are attending the KP Intersessional meeting, representing over 99% of the global trade in rough diamonds.
The World Diamond Council (WDC) System of Warranties (SoW) has entered a public review period following the completion of an industry review. The SoW review and reform process is part of the WDC Strategic Plan and is intended to help industry participants better implement and demonstrate commitment to responsible business conduct when buying or selling rough and polished diamonds.
The executive director of the World Diamond Council (WDC), Marie-Chantal Kaninda on May 31 addressed U.S. State Department officials and civil society members on the topic of responsible diamond sourcing and the Kimberley Process (KP). This is the first time that the WDC presented to the U.S. State Department and supports the WDC’s strategy to raise awareness for, and encourage participation in, efforts to combat conflict diamonds.
The United Nations General Assembly, welcoming progress made by the Kimberley Process Certification Scheme to break links between the diamond trade and conflict, on March 7 adopted a consensus resolution aimed at intensifying that work and aligning it with the 2030 Agenda for Sustainable Development.
Members of the Civil Society Coalition (CSC), currently consisting of several NGOs which together form one of the three pillars of the Kimberley Process, met in Antwerp last week to reflect on its role in the Kimberley Process and on broader diamond governance.
"In recent years the diamond industry has been battered by falling prices and the growing threat from synthetic, lab-grown stones", writes Jon Yeomans for The Telegraph. "But it is alert to the problems in its supply chain and the reputational threat these hold.
As the calendar turned on the new year, the European Union took over the chairmanship of the Kimberley Process, aimed to ensure sustainable and conflict-free trade in diamonds. Under the leadership of High Representative of the European Union for Foreign Affairs and Security Policy and Vice-President of the European Commission Federica Mogherini, the EU will head this international initiative to stem the trade in conflict diamonds during 2018. The EU emphasized that its tenure would be guided by the principles of sustainability, inclusiveness, responsibility and dialogue.
At the close of the KP Plenary session in Brisbane last week, the World Diamond Council (WDC) - the KP industry representatives focused on preventing conflict diamonds from entering the legitimate global supply chain and protecting the value of diamonds - extended praise and gratitude to Participants at the gathering, for embracing the spirit of collaboration and open dialogue around KP reform. “This week we spoke openly and transparently about areas of the KP in need of the most urgent reform, and I am pleased that we have come together and
“We want to change the narrative surrounding the diamond industry,” says Diamond Empowerment Fund executive director Nancy Orem Lyman.
As the Kimberley Process 2017 Plenary is set to start in Brisbane on Saturday, December 9, The Diamond Loupe sat down with the Acting President of the World Diamond Council (WDC) and President of the Antwerp World Diamond Centre Stéphane Fischler to discuss the industry oganization's recommendations and what they are expecting from this Plenary.
The World Diamond Council (WDC), an industry group focused on preventing conflict diamonds from entering the legitimate global supply chain and protecting the value of natural diamonds, today called for an open discussion around Kimberley Process reform at the KP Plenary meeting to be held in Brisbane, Australia December 9-14, 2017.
The Diamond Development Initiative (DDI) has undertaken a sensitization initiative for border communities in the Mano River Union (MRU) region - which comprises the countries of Liberia, Sierra Leone, Guinea and Côte d'Ivoire - to raise awareness of the Kimberley Process requirements and strengthen local capacity to monitor the flow of diamonds.
The African Diamond Conference (ADC), a joint initiative of Belgium's Federal Public Service (FPS) Foreign Affairs and the Antwerp World Diamond Centre (AWDC), took place yesterday at the Egmont Palace in Brussels. With nearly 400 in attendance, the ADC featured a broad range of speakers from across the entire diamond pipeline - from mine to finger - as well as diamond industry stakeholders.