Last updated: August 29, 2011
We at the Rapaport Group of Companies (“Rapaport”) are proud of our tradition of
conducting our business in accordance with the highest moral and ethical standards
and in compliance with the laws of the countries in which we operate.
Rapaport is committed to legal compliance and ethical business practices in all
its operations and seeks to do business with those who share that commitment.
Rapaport will only do business with those who obey the laws of the country in which
they operate and follow the principles expressed in this Code of Conduct.
Rapaport will only do business with entities or individuals who have certified to
us that their business practices are lawful, ethical and in compliance with the
principles set forth in this Code of Conduct.
Rapaport Minimum Human Rights Standard: All diamonds that are legal
and not directly involved in severe human rights violations should be freely, fairly
and legally traded. For the purposes of the foregoing, the phrase “directly involved
in severe human rights violations” is defined as diamonds whose physical production
involved murder, rape, physical violence or forced servitude.
Legal and Ethical Business Practices: All Users, Subscribers, Customers
and Suppliers must fully comply with all applicable local, state, federal, national
and international laws, rules and regulations. Subscribers, customers and suppliers
must be ethical in their business practices and act in such a way so as not to bring
the diamond, gem and jewelry industry or Rapaport into disrepute.
Conflict Diamonds: We recognize the great harm done to local populations
as a result of conflict in diamond mining/trading areas. Rapaport will not purchase,
sell or in any way deal with conflict diamonds, nor will it contract with subscribers,
customers or suppliers who purchase or trade in diamonds which were used to fund
conflict or are traded in any way in violation of any United Nations resolutions
or the Kimberley Process. No subscriber may list or trade diamonds through Rapaport
or any service offered by Rapaport businesses, including RapNet® and Rapaport
Auctions, which do not meet the Kimberley Process standards ,the Rapaport Code of
Conduct and Rapaport Minimum Human Rights Standards.
Forced Labor: No diamonds that were mined, cut, polished or in
any way produced using child labor, forced labor, prison labor, indentured labor
or exploited bonded labor may be listed, or traded through Rapaport businesses,
including RapNet and Rapaport Auctions.
Treatment: Rapaport is committed to the highest level of disclosure
regarding any treatment to natural diamonds and requires all subscribers, customers
and suppliers to fully disclose any and all treatment and processes performed on
any diamond listed or traded through Rapaport businesses. No heat treated (HPHT)
or synthetic diamonds may be listed or traded through Rapaport businesses, including
RapNet and Rapaport Auctions, without full disclosure when listing the treated diamond.
Conclusion of Sale: Subscribers, customers and suppliers shall
honor all commitments entered into when using any service offered by Rapaport businesses.
Online as well as other agreements made shall be final and binding.