When the jewelry industry comes out of this crisis, it can return to the success we were headed towards for 2020. The reason for the optimism is because of the amazing people that make up this industry.
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When the jewelry industry comes out of this crisis, it can return to the success we were headed towards for 2020. The reason for the optimism is because of the amazing people that make up this industry.
These are very strange but also anxious times, for we feel that the most basic foundations of our existence are being eroded.
Like other industry bodies, we at WDC are having to adjust the way in which we operate to avoid exposing our members and their dependents to the COVID-19 coronavirus.
The resolution, which was passed on March 3, 2020, welcomed efforts made to strengthen the Kimberley Process Certification Scheme (KPCS), including ongoing discussions on a definition of conflict diamonds, the importance of capacity‑building and mutual support, and the positive contribution that rough diamonds can make to prosperity and socioeconomic development.
The MRU workshop in Freetown had an ambitious agenda. It involved representatives of the four countries, with the help of industry and civil society, drawing up national and regional plans to implement the KPCS, combat the smuggling of minerals and enhancing the development and livelihood aspects of artisanal mining.
Although they produce only 5 percent of rough diamonds by volume, there are 1 million individuals involved artisanal diamond mining and at least 5 million others who are dependent on the revenues they provide.
At the end of January, the organization released for public review a key section of a toolkit, which is designed to assist companies involved in the diamond trade become compliant with the strengthened protocol.
When the company is Signet Jewelers Limited, the world’s largest diamond jewelry retailer, the concept of community encompasses the globe. The firm operates approximately 3,300 stores in the United States, Canada, Ireland and the British Channel Islands, primarily under the name brands of Kay Jewelers, Zales, Jared, H.Samuel, Ernest Jones, Peoples Jewellers and Piercing Pagoda.
Elodie Daguzan, Executive Director of the World Diamond Council (WDC), has expressed the WDC’s strong endorsement for the regional approach by the Mano River Union (MRU) to reinforce the effectiveness of the Kimberley Process Certification Scheme (KPSC), declaring that it will assist artisanal diamond miners gain better access to the legitimate diamond supply chain, while receiving fair value for their work.
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