The diamond industry has a sort of 'Holy Grail' when it comes to consumer confidence and putting to rest an issue that critics rely on to deride the trade as unethical and still awash with 'conflict diamonds': guaranteed provenance. Acoording to an interview last week, Andrey Polyakov, president of the World Diamond Council (WDC) and a vice-president of Russian diamond giant ALROSA, believes one key to obtaining that grail is close at hand in the form of a physical 'fingerprint' that would enable diamonds to be tracked to their origin.
Australia’s term as Chair of the Kimberley Process kicked off today at the KP Intersessional Meeting in Perth, which runs from May 1 – 4. The focus of this year’s meeting is the start of the Kimberley Process Certification Scheme (KPCS) review cycle in order to strengthen the Kimberley Process.
The World Diamond Council (WDC) announced that the Board of Directors has named Ms. Marie-Chantal Kaninda as Executive Director effective March 1, 2017. Ms. Kaninda will be replacing Patricia Syvrud, who is stepping down on February 28th. Ms. Kaninda brings to the organization over 20 years of industry marketing and stakeholder engagement experience, having worked for companies such as Anglo Gold Ashanti, De Beers and Rio Tinto, mostly in Africa. A resident of the Democratic Republic of Congo (DRC), Ms.
As the 2016 Kimberley Process Plenary comes to a close, the World Diamond Council (WDC) and its president Andrey Polyakov applaud the positive steps taken in 2016, the initiatives undertaken by KP Chair UAE during the plenary itself, and look forward to the continued success of the Kimberley Process Certification Scheme under the leadership of the new KP Chair, Australia.
The 2016 KP Plenary kicked off yesterday in Dubai as KP Chair Ahmed Bin Sulayem welcomed representatives of 81 governments and industry organizations. First day activities included a third diamond valution forum addressing the elusive question of how to provide fair value for diamonds from Africa and achieve a formalized approach to valuing diamond resources.
World Diamond Council (WDC) members representing every sector of the diamond trade, from producer to retail, will join together from November 13 to 17 to promote dialogue in the Kimberley Process (KP), and discuss mechanisms for greater industry inclusion at the organization's Plenary Meeting in Dubai, the WDC said in a statement. “The WDC reaffirms its commitment to assist all parties in their efforts to have a productive dialogue at this year’s Plenary and we are dedicated to supporting the KP’s tripartite structure put in place more than a decade ago,” stated Andrey Polyakov, president o
The World Diamond Council (WDC) gathered in New York City last week for the organization’s 12th Annual General Meeting (AGM), focusing on its proposed new Strategic Plan to guide the organization’s work through 2020 as it continues to serve as the industry voice in the KP. Hosted by the United States Jewelry Council (USJC) and with the support of Signet Jewelers, ABN Amro Bank, De Beers Group, Brinks, UL and JCK, more than 100 representatives from the diamond industry, government, civil society and media came together to study new proposals
Andrey Polyakov, President of the World Diamond Council and Vice-President of ALROSA, sat down for an interview with Interfax (translation published exclusively by Rough-Polished), covering everything from the work and mission of the World Diamond Council (WDC), the Kimberley Process (KP), the Diamond Producers Association (DPA) and consumer demand for complete information about jewelry, to the possibility of ALROSA joining the Responsible Jewellery Council (RJC), setting up a diamond tracking program in China and the consumer markets in India, Brazil and the United States
The World Diamond Council (WDC) will hold its 12th Annual General Meeting (AGM) at the Waldorf Astoria Hotel in New York City from September 7-9. The AGM will discuss the Kimberley Process (KP), the implementation of the WDC’s first-ever Strategic Plan, and an enhanced communications platform. The WDC represents 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.
We at ABN AMRO support initiatives that create more insight into the value chain, its key players, engages with the right side of the market and excludes areas which show less transparency or no willingness to learn and improve. We see other banks doing the same more and more. In the end there will only be credit lines available for companies with good corporate standards and track record, whether they are small or big doesn't matter ... We expect more consolidation and certain companies going out of business.
The World Diamond Council (WDC) today has elected Stéphane Fischler as Vice President and Ronald (Ronnie) VanderLinden as Treasurer. Udi Sheintal is to remain as Corporate Secretary. At the first meeting of the term, WDC’s Board of Directors elects officers from among its members for two-year terms. Stéphane Fischler, a founding and charter member of the WDC since its inception in 2000, was also recently re-elected President of the Antwerp World Diamond Centre, an appointment he has held since 2012.
Media Release: The De Beers Group of Companies today announced that its Auction Sales business will launch a limited scope service pilot offering diamond businesses the opportunity to sell certain types of rough diamonds on its online auction platform. The service will only be available to those diamond businesses that adhere to the De Beers Auction Sales Rough Diamond Trading Standard.
ALROSA Vice-President Andrey Polyakov has become World Diamond Council (WDC) President, succeeding Edward Asscher whose two-year term as President ended on May 22. Polyakov has served as WDC Vice President since 2015. WDC members come from the entire international diamond industry supply chain, from mining to retail. The group represents the diamond industry in the development and implementation of regulatory and voluntary systems developed by the United Nations and the Kimberley Process to eradicate trade in conflict diamonds.
With the 37th World Diamond Congress starting today (Monday) and the Kimberley Process intercessional meeting that follows in Dubai, IDEX Online Deputy Editor David Brummer spoke to the World Diamond Council (WDC) about its role in the diamond industry and its relationship with the Kimberley Process.
The World Diamond Council (WDC) has issued a press release following the Kimberley Process (KP) Plenary Meeting held in Luanda, Angola last week, reasserting the importance of the tripartite foundation of the KP and reiterating that no conflict diamonds should, under any circumstances, enter the legitimate diamond trade.
This week's Kimberley Process Plenary in Angola has not been without its share of controversy, with civil society announcing that it will not participate in a UAE-led KP in 2016 and World Diamond Council (WDC) President Edward Asscher welcoming the criticism (when justified) as well as participation of the NGOs.
We need to engage with the NGOs and embrace their scrutiny if their criticism of the system is justified. We all have blind spots, but we should never turn a blind eye to their findings. Where they are justified in their criticism, we should adjust; where they are wrong, we should tell them, without any doubt, professionally and openly ... We would deeply regret if the Civil Society Coalition would not attend next year's Intercessional and Plenary meetings in Dubai.
World Diamond Council President Edward Asscher has rejected a report by London-based Amnesty International last month that said diamond trafficking was helping to fuel violence in the Central African Republic. The Kimberley Process has removed “more than 99 percent” of so-called conflict diamonds from the market, Asscher said in an interview with Bloomberg Business. "The diamond council [WDC] gladly re-invites Amnesty to participate and join us and the civil society coalition looking into aspects of CAR and the whole Kimberley Process," he said.
The Kimberley Process Certification Scheme (KPCS) has developed a work plan to resume rough diamond exports from the Central African Republic (CAR), which would partially end the sanctions of the country’s diamond production. Bernado Campos, Angola’s chairman of the KP, explained that KP participants and observers reached an understanding that CAR may commence exporting rough diamonds upon full implementation of a proposed operational framework and pending completion of a proposed KP review mission to the country.
“The industry is in good shape and we can be proud of it and its participants. There are a few exceptions and as an industry we should purge those who tarnish our image. But those are the exceptions in an otherwise fantastic industry with a brilliant future.”
Edward Asscher, President World Diamond Council in his address at the Dubai Diamond Conference