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World Diamond Council

By Harry&Co

Establishment and Purpose of the World Diamond Council

  • Represents the entire diamond value chain
  • Includes representatives from mining, manufacturing, trading, and retail
  • Established in July 2000
  • Aims to keep the diamond supply chain free from conflict diamonds
  • Played a key role in the creation of the Kimberley Process Certification Scheme

Kimberley Process Certification Scheme (KPCS)

  • Adopted by the United Nations General Assembly in December 2000
  • Created through negotiations between governments, diamond industry, and civil society organizations
  • Sets out requirements for controlling rough diamond production and trade
  • Entered into force in 2003
  • Credited with reducing conflict diamonds to less than 1% of global diamond production

Influence of the World Diamond Council

  • Has representation on all Kimberley Process working groups
  • Influential in determining implementation and future reform of the Kimberley Process
  • Headquartered in the United States
  • Led by President Edward Asscher from Amsterdam, Netherlands
  • Charter members include the World Federation of Diamond Bourses, International Diamond Manufacturers Association, and International Confederation of Jewellers

Additional Information

  • See also: Diamond (gemstone)
  • References: Conflict Diamonds: Hearing Before the Subcommittee on Trade of the Committee on Ways and Means, House of Representatives, One Hundred Seventh Congress, First Session, October 10, 2001; Malone, D.; Malone, R.D.M. (2004). The UN Security Council: From the Cold War to the 21st Century; Bieri, F. (2016). From Blood Diamonds to the Kimberley Process: How NGOs Cleaned Up the Global Diamond Industry; Hall, M.; Wyatt, T.; South, N.; Nurse, A.; Potter, G.; Maher, J. (2016). Greening Criminology in the 21st Century: Contemporary debates and future directions in the study of environmental harm; Grynberg, R.; Mbayi, L. (2015). The Global Diamond Industry: Economics and Development Volume II

External Links

  • Official website: worlddiamondcouncil.org
  • Additional information: diamondfacts.org
  • Fifth annual meeting of the World Diamond Council: wfdb.com (PDF)
  • Retrieved from: https://en.wikipedia.org/w/index.php?title=World_Diamond_Council&oldid=1122265995

World Diamond Council Data Sources

Reference URL
Glossary https://harryandcojewellery.com.au/blogs/glossary/world-diamond-council
Wikipedia http://en.wikipedia.org/wiki/World_Diamond_Council
Wikidata https://www.wikidata.org/wiki/Q8035647
Knowledge Graph https://www.google.com/search?kgmid=/m/03mb5h