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Conflict Diamonds - The Role of Industry and Retailers
Guest Author - Susan Dorling

You’ve heard them referred to as “blood diamonds” and when shopping for diamonds choose diamond sources that take the issue of conflict diamonds very seriously. Choose to buy your diamond jewelry and loose diamonds from companies who are committed to the ongoing global efforts to stop the trade in conflict diamonds and ensure the diamonds they sell are certified from legitimate sources not involved in funding conflict and in compliance with United Nations Resolutions. Conflict diamonds are mined in certain African combat zones that have fueled and funded civil war and gross abuses against the civilian population.


The Role of Industry
To supplement the government program, the International Diamond Manufactures Association (IDMA) and the World Federation of Diamond Bourses (WFDB),
representing virtually all significant processors and traders, have established a regimen of self-regulation. Its principal element is a system of warranties that will accompany invoices covering the sale of rough diamonds, polished diamonds and diamond jewelry. The requirement applies to rough diamonds mined after December 31, 2002 and product fabricated from them.

Each time the diamonds change hands, the seller affirms to the buyer, in writing, that the diamonds come from legitimate sources "not involved in funding conflict and in compliance with United Nations resolutions…" Under a new code of conduct adopted by IDMA and WFDB, members are required, among other things, to deal only with sellers that use the warranty system.

The Role of the Retailer
The most important contribution jewelers can make within their industry is to deal only with trade suppliers of diamonds and diamond jewelry that comply 1/2 CT. T.W. Yellow and White Diamond Fashion Band in 14K Gold - Photo Courtesy of Zales at www.zales.comwith Kimberley Process and its warranty system. To supplement the government program, the International Diamond Manufactures Association (IDMA) and the World Federation of Diamond Bourses (WFDB) which represents virtually all significant processors and traders, have established a regimen of self-regulation. Its principal element is a system of warranties that will accompany invoices covering the sale of rough diamonds, polished diamonds, and diamond jewelry. The requirement applies to rough diamonds mined after December 31, 2002 and product fabricated from them.

For example, a responsible retailer will have some or all of the following in their Conflict Diamond Policy:

  • For diamonds mined before January 1, 2003, require their diamond and diamond jewelry suppliers to certify in writing that they do not knowingly sell conflict diamonds and that, to the best of their ability, they have undertaken reasonable measures to help prevent the sale of conflict diamonds in this country.

  • Require its diamond vendors to recertify annually their adherence to KPCS.

  • Following the recommendation of industry leaders, retain for at least five years the warranties accompanying its purchases of diamonds and diamond jewelry.

  • Require its diamond vendors to provide proof of warranty from their sources of merchandise upon request. If a vendor refuses to guarantee that their diamonds and diamond jewelry are conflict free, or if there is reason to believe that the merchandise came from questionable sources, refuse to transact business with that vendor.

  • Train its sales associates about the program to ensure customers are made aware of and have confidence that the diamonds and diamond jewelry sold by that retailer are "conflict free."

  • Ensure that executive management monitors compliance with the system of warranties.


  • Additional information about the Kimberley Process and its system of warranties can be found at the following links:

    World Diamond Council
    Kimberley Process
    Council for Responsible Jewellery Practices
    Jewelers of America
    ________________________________________________
    Bidz, Inc.

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    Content copyright © 2008 by Susan Dorling. All rights reserved.
    This content was written by Susan Dorling. If you wish to use this content in any manner, you need written permission. Contact BellaOnline Administration for details.

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