Issues related to the WDC’s System of Warranties.
While it may not have been immediately apparent during the tumultuous days in 2000, the structure of the WDC enabled the new organization to take a broader perspective than that required by its role within the KP, ensuring its relevance long after the civil wars that prompted the conflict diamond crisis eventually drew to a close.
February 21, 2023, marked 16 months since the official launch of the World Diamond Council’s revised System of Warranties (SoW), in 2021 on the 40th anniversary of the establishment by the United Nations of the International Day of Peace.
What left its indelible mark on 2022 was the war in Ukraine, which had begun on February 24, when coincidentally the leadership of the WDC was gathered together in Dubai, where the Board of Directors had met just three days earlier.
Edward Asscher, President of the World Diamond Council, addressed the Presidents’ Meeting of the World Federation of the Diamond Bourses (WDDB) and the International Diamond Manufacturers Association (IDMA) at the Dubai Multi-Commodities Center (DMCC) in Dubai on February 24, 2022.
Vinod Kuriyan of the Rapaport news service, interviews Edward Asscher, President of the World Diamond Council, during the Dubai Diamond Conference on February 23, 2022.
The Young Diamantaires of the World Federation of Diamond Bourses (WFDB) hosted WDC President Edward Asscher on January 20, 2022, during a webinar on January 20, 2022, entitled “A lifetime of commitment to the diamond industry.”
Elodie Daguzan, Executive Director of the World Diamond Council, presented the WDC’s upgraded System of Warranties, during a webinar organized by Dubai Diamond Exchange (DDE) at the Dubai Multi-Commodities Center (DMCC), on January 18, 2022.
WDC’s Executive Director, Elodie Daguzan, was hosted by the Antwerp World Diamond Council (AWDC) on November 16, 2021, delivering a presentation on the new System of Warranties for members of the Belgian diamond industry.
Since the start of the Kimberley Process, members of the diamond trade have been adding a declaration to their sales documents, each time a transaction is finalized along the entire supply chain, from mine to retail. It’s become a customary act in our industry, but a massively important one, for it verifies to the next participant in the supply chain that the diamonds involved are compliant with the Kimberley Process Certification Scheme (KPCS), and thus can be considered “conflict free” according to KP doctrine.
Industry leaders from across the diamond value chain greet the launch, on September 21, 2021, the United Nation’s International Day of Peace, of the World Diamond Council’s upgraded System of Warranties.
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