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WDC Seeks Feedback on Ethics Reforms
Jun 10, 2018 8:48 AM
By Rapaport News
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RAPAPORT... The World Diamond Council (WDC) has invited the public to review reforms to its System of Warranties (SoW), a method the organization established to keep the supply chain conflict-free.
The WDC created the SoW in 2000 to add extra assurances beyond what the Kimberley Process (KP) offers. The
system obligates diamond suppliers and jewelry manufacturers to provide a
conflict-free warranty statement each time stones change hands.
The WDC has made a draft of its new guidelines available for review until October 1. It expects the reforms to go into force next year.
“While the definition of conflict diamonds as
those used to fund rebel movements has provided the necessary focus to drive
important change, it is a heartbreaking and indisputable truth that the nature
of what constitutes conflict has evolved,” said Stephane Fischler, acting president of the WDC. “These SoW reforms reflect our
commitment to uphold the duty of care owed to diamond communities by helping
ensure safe and secure working conditions, fair labor practices and sustainable
development.”
Additionally, the reforms are an assurance for consumers that
any diamonds they purchase have been ethically and responsibly sourced,
Fischler added.
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Tags:
Kimberley Process, KP, Rapaport News, Stephane Fischler, System of Warranties, The World Diamond Council, WDC
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