WEBINAR: WDC - UPGRADED SYSTEM OF WARRANTIES
The World Diamond Council (WDC), which represents the diamond industry in the Kimberley Process (KP), has publicly launched the upgraded and expanded System of Warranties (SoW) on the occasion of the 40th anniversary of UNs International Day of Peace.
The SoW was originally designed back in 2000 as part of industry self-regulation efforts in support and extension of the KP Certification Scheme. It requires all diamond suppliers and diamond jewellery manufacturers to pass on a “conflict free” warranty statement each time diamond goods (rough or polished) change hands, assuring the next buyer that the diamonds originated within the Kimberley Process system.
WDC updated the SoW and adopted the SoW Guidelines to help address emerging risks, including those around human rights, labor rights, anti-corruption and anti-money landering, that are not covered within the scope of the Kimberley Process. The SoW Guidelines require buyers and sellers of rough diamonds, polished diamonds and jewelry containing diamonds to use the SoW to make the following affirmative statement on all of their invoices: “The diamonds herein invoiced have been (sourced) purchased from legitimate sources not involved in funding conflict, in compliance with the United Nations Resolutions and corresponding national laws (where the invoice is generated). The seller hereby guarantees that these diamonds are conflict free and confirms adherence to the WDC SoW Guidelines.”
The WDC published the SoW Guidelines on its website and launched an online Toolkit for suppliers and buyers in September 2021. It includes a self-assessment questionnaire to help companies determine whether they have met the responsible standards listed in the WDC Guidelines or what they should do to enhance their responsible business practices.
Elodie Daguzan – executive director of the World Diamond Council – will present the revised SoW (and the self-assessment tool) via an AWDC WEBINAR ON THE 16TH OF NOVEMBER - 10 AM. Please register below.
For more information please reach out to the World Diamond Council email@example.com.