WDC NEWSLETTER ARTICLES

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WDC NEWSLETTER ARTICLES2019-09-02T17:59:20+02:00
25March 2021

WDC Newsletter

WORLD JEWELRY CONFEDERATION PROMOTES INDUSTRY’S ROLE AS AN INITIATOR OF SUSTAINABILITY AND DEVELOPMENT ABOVE: Prayut Chan-o-cha, the Prime Minister of Thailand, flanked by Thai government ministers and world jewelry industry leaders, at the opening of the CIBJO Congress in Bangkok in October 2017. In 2001, shortly after becoming president of CIBJO, Gaetano Cavalieri joined other jewelry and gemstone sector leaders at a conference in New York. There they were attacked by representatives of human rights groups, who essentially accused the industry [...]

25March 2021

WDC Newsletter

"Women of the Diamond Industry” focuses on the issue of gender equality along the entire diamond and jewelry supply chain. The series provides a platform for women in the industry to tell their own stories and describe the particular challenges they have faced in their careers. The fifth article in the series is authored by Prernaa Makhariaa, the founder of Style Prer. An advisor to the industry, she is widely recognized as India’s first jewelry influencer. A WOMAN OF INFLUENCE [...]

25March 2021

WDC Newsletter

WHY KIMBERLEY PROCESS CERTIFICATES LACK A STANDARD FORMAT AND LAYOUT By Mark Van Bockstael Chair, KP Working Group of Diamond Experts Chairman, WDC Technical Committee It must be one of the most frequently encountered questions about the Kimberley Process Certification Scheme (KPCS) – Why is there no single standard shape or form to a Kimberley Process certificate? Indeed, each and every KP country – or “KP Participant” in KP-speak – issues certificates that look and feel different to those of its neighbors. Over the years, diamond traders, [...]

25March 2021

WDC Newsletter

EIGHT WORDS AND A SET OF FOUNDATIONAL CONVENTIONS  THAT EXPAND THE SCOPE OF THE WDC SYSTEM OF WARRANTIES Only eight words separate the declarations made on B2B invoices and memos by those members of the trade who have adopted the World Diamond Council’s new System of Warranties, from industry members still using the old SoW. But, while seemingly innocuous, those words are massively significant, for they greatly expand the scope of the system. Whereas in the original declaration the seller of diamonds guaranteed that the merchandise is conflict free, “based on [...]

22December 2020

WDC Newsletter

STANDARDS, TRANSPARENCY AND GRASSROOTS INVESTMENT CORNERSTONES OF TIFFANY’S RESPONSIBLE SOURCING STRATEGY ABOVE: A worker at the Laurelton Diamonds cutting and polishing plant on the Indian Ocean island of of Mauritius. Laurelton is a wholly-owned subsidiary of Tiffany and an essential part of its vertically integrated supply chain. (Photo courtesy of Tiffany & Co.) Although the celebrated jewelry chain Tiffany & Co. became a member of the World Diamond Council in 2000, its strategic commitment to responsible sourcing can be traced back to [...]

22December 2020

WDC Newsletter

“Women of the Diamond Industry” focuses on the issue of gender equality along the entire diamond and jewelry supply chain. The series provides a platform for women in the industry to tell their own stories and describe the particular challenges they have faced in their careers. The fourth article in the series is authored by Jo Mathole & Khomotso Ramodipa, founders and co-owners of Kwame Diamonds, a diamond cutting and polishing company in Johannesburg, South Africa. TWO WOMEN IN THE NEW [...]

22December 2020

WDC Newsletter

HOW DIAMOND FOOTPRINTS FOUND THEIR WAY INTO THE KIMBERLEY PROCESS TOOLBOX By Mark Van Bockstael Chair, KP Working Group of Diamond Experts Chairman, WDC Technical Committee A fact that most members of the global diamond community are possibly unaware of is that diamond production footprints have always been an integral part of the Kimberley Process (KP). This has been the case from the very  beginning. For clarification purposes a footprint refers to distinct physical characteristics that make up the particular profile of the rough diamonds mined at a [...]

22December 2020

WDC Newsletter

SOFT LAUNCH OF WDC’S NEW SYSTEM OF WARRANTIES HERALDS FINAL REVIEW STAGE BEFORE OFFICIAL DEBUT IN 2021 Peter Karakchiev, SoW Reform Project Leader in the WDC’s Strategic Planning Committee. The World Diamond Council’s new System of Warranties (SoW) has entered the beta-testing phase, comprising a soft launch of the process, with the participation of a representative sample of companies from across the diamond supply chain. It is the ultimate stage of an extensive review that will conclude at the end of the calendar year. This will allow [...]