1 day remains to transition to revised SoW
The transition period for rough diamonds with the revised SoW ends tomorrow, September 21, 2024. The WDC is calling out to industry members to seize the moment and be ready in time.
#sow
The transition period for rough diamonds with the revised SoW ends tomorrow, September 21, 2024. The WDC is calling out to industry members to seize the moment and be ready in time.
One might question the value of a system that is not mandatory. However, it is precisely the voluntary nature of the WDC System of Warranties that makes it so powerful.
The WDC is calling out to industry members to seize the moment and be ready in time, to meet the deadline for rough diamond sales.
The WDC is calling out to industry members to seize the moment and be ready in time, to meet the deadline for rough diamond sales.
The transition period for the revised SoW ends in six months. The WDC is calling out to industry members to seize the moment and be ready in time.
Ultimately, industry-wide adoption of the SoW will benefit us all. And it is here, dear WDC members, that all of you can help as well.
The transition period for the revised SoW ends in six months. The WDC is calling out to industry members to seize the moment and be ready in time.
The transition period for the revised SoW ends in six months. The WDC is calling out to industry members to seize the moment and be ready in time.
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
This upgraded SoW is for the entire diamond and jewelry industry. It represents a defining moment.
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
The World Diamond Council (WDC) has marked the 40th anniversary of the establishment by the United Nations of the International Day of Peace with the official public launch of its upgraded System of Warranties (SoW).
Whereas in the original declaration the seller of diamonds guaranteed that the merchandise is conflict free, “based on personal knowledge and/or written guarantees provided by the supplier of these diamonds,” in the new SoW the seller guarantees that the diamonds are conflict free “and confirms adherence to the WDC SoW Guidelines.”
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.
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.
The World Diamond Council (WDC) is encouraging stakeholders to review the WDC System of Warranties (SoW) Toolkit. This follows its unanimous adoption as a working draft by the WDC Board of Directors and its review by WDC members.
The SoW Toolkit, which once released will be made available online at no cost to the industry, is designed to assist members of the diamond trade comply with the revised WDC SoW that was approved in 2018 and is scheduled to be phased in over a five-year period.
“We cannot wait another five years for the next review cycle and so we hope that continuous improvements will continue to be developed to complement the certification scheme,” the WDC President told Plenary delegates.
In the United States, which with more than half of all sales made each year in terms of value is the world’s largest diamond jewelry market, the expansion of the SoW is a massive undertaking.