Tag: System of Warranties

During the briefings, WDC President Stephane Fischler described the revised SoW as an “essential building block” for participants in the diamond supply chain towards implementing the OECD’s due diligence guidance for minerals from high-risk areas.

The review period is intended to help industry participants better implement and demonstrate commitment to responsible sourcing when buying or selling rough and polished diamonds.

The reforms establish a new level of adherence for members and call on users of SoW statements to ensure their trading activities maintain strict adherence of universally accepted principles on human and labor rights, anticorruption and anti-money laundering.