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WDC, KP Sign MOU to Formalize 2014 Administrative Support Mechanism

May 26, 2014 5:04 AM   By WDC
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Press Release: Edward Asscher, the president of the World Diamond Council (WDC), and vice minister Wei Chuanzhong, the chair of the Kimberley Process (KP), signed a memorandum of understanding in Antwerp on Friday, May 23, formalizing the agreement for 2014 between the two organizations, according to which WDC finances and operates the administrative support mechanism (ASM) on behalf of the KP.

The ASM provides a variety of support services to the KP, including the maintenance of an online electronic archive; the provision of communication services; logistical support for the KP's chair, chairs of KP working groups and ad hoc committees, including the organization of meetings and country review visits; and follow-through on training, data and requests for technical assistance. By definition, the ASM is not a policy-making body; that is the prerogative of the KP plenary. Administrative in nature, the ASM operates in accordance with the instructions of the KP chair and working group chairs.

Since the ASM was launched in 2013, the task of managing the body has been divided among four WDC members: the Antwerp World Diamond Center (AWDC), the Israel Diamond Institute Group of Companies (IDI), India's Gem and Jewellery Export Promotion Council, and the Diamond House of the Government of Ghana.

"The signing of this document underscores the absolute commitment that the diamond and jewelry industries have to the Kimberley Process, the Kimberley Process Certification Scheme, and the principle that no diamond should be associated with conflict or violence," said Asscher. "The KP serves our industryand in return we are prepared to serve it by assisting the KP chair and the various committees to fulfill their critically important roles in the most effective way possible. I thank the KP chair for showing confidence in our ability to carry out our duties faithfully and efficiently, and trust that we will continue doing so for years to come. It is our duty to guarantee the integrity of our product and maintain the confidence that consumers have in diamonds."

About WDC
The World Diamond Council was created in 2000 to coordinate the effort of the international diamond and jewelry sectors to eliminate the trade in diamonds from areas of conflict. Its primary objective is to represent the diamond industry in the development and implementation of regulatory and voluntary systems to control the trade in diamonds embargoed by the United Nations or covered by the Kimberley Process Certification Scheme (KPCS).

Rapaport News is not responsible for, and does not endorse, the content of any third-party press release. This is not a Rapaport Press Release. It has been provided as additional information for our clients.
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