The WDC is the diamond and jewelry industry’s official representative in the tripartite international forum of the Kimberley Process (KP)
. In this respect, WDC’s primary objective is to represent the 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 (KPCS)
Additionally, using the resources of the diamond industry, WDC supports the Kimberley Process though technical, financial and other means, including the Administrative Support Mechanism (AMS), which provides ongoing logistic and managerial assistance to the KP Chair and officers.
Furthermore, to help ensure that the polished diamonds being sold originate from rough diamonds that were responsibly sourced, the WDC created the System of Warranties (SoW)
to complement the KPCS. In essence, the SoW requires buyers and sellers of rough diamonds, polished diamonds and jewelry set with diamonds to include a warranty statement on B2B invoices and memos each time a diamond change hands, assuring the next buyer that it originated from sources in compliance with the KPCS and essential responsible business practices, as listed in the the SoW Guidelines. These include principles relating to human and labor rights, anti-money laundering and anti-corruption.