IT IS THIS THAT LIES AT THE HEART OF OUR PROCESS OF REFORM
The focus on the diamond-producing regions of Africa that was brought about by the Kimberley
Process did more than just create a mechanism to prevent the infiltration of conflict diamonds into the pipeline; it also helped deepen the appreciation that diamonds and the diamond industry are essential ingredients to the well-being of ordinary people living in those areas, said Avi Paz,
President of the World Diamond Council, in his address to the Plenary Session of the Kimberley Process in Johannesburg.
As time progressed, and as it became apparent that the Kimberley Process (KP) should remain as a permanent safeguard of the diamond’s integrity, we understood that the WDC, as the representative of the diamond and jewellery industry within the KP, needed to be better structured, to ensure that we will continue operating effectively and on a sound financial footing over the long-term, and within a constitutional framework that is designed to ensure that decisions we make reflect the opinion of our industry’s stakeholders. It is this that lies at the heart of our process of reform.
To advance the objective that the WDC be representative of the entire industry, we have amended our bylaws to require that our Board of Directors always include mining companies, diamond manufacturers and traders, and diamond jewellery manufacturers and retailers, and that its composition be geographically diverse. As a matter of principle, we want the WDC to be a forum of healthy and mature industry dialogue. Our Code of Conduct clearly stipulates that all WDC members must be committed to education, keeping their staffs up to date on the requirements of compliance with the Kimberley Process Certification Scheme, as it applies to their businesses.
Also, while it is essentially a voluntary system designed to ensure the integrity of the diamond from the mine to the item of jewellery sold at retail, the Code of Conduct specifically states that members must implement all elements of the WDC System of Warranties in their own businesses, while ensuring that their business partners understand and implement both the KPCS and the WDC System of Warranties.”