The World Diamond Council (WDC) will hold its 14th annual general meeting (AGM) in Mumbai on October 22 -23,2018 with a focus on reform of the Kimberley Process (established in 2000 to prevent ‘conflict diamonds’ from entering the mainstream rough diamond market) and WDC System of Warranties in support of a commitment to sustainable development by the diamond industry.
The meeting will be hosted by The Gems and Jewellery Export Promotion Council and the agenda will be to continue to focus on a push for reform both externally in the Kimberley Process (KP) where the WDC serves as the industry’s observer, and from within through changes to the industry’s System of Warranties (SoW).
“The SoW extends the assurances provided by the Kimberley Process Certification Scheme (KPCS) by requiring all diamond suppliers and diamond jewelry manufacturers to pass on a conflict free warranty statement each time diamond goods (rough or polished) change hand,” WDC said in a statement.
“I am motivated by the progress we have made so far in this second year of a three-year review cycle for the KPCS. I want to encourage our members to continue that spirit of improvement, using this year’s event to listen to one another and find common ground so that we can show the world we are one voice committed to positive change.” said Stephane Fischler, president, WDC.