World Diamond Council (WDC) | LinkedIn (original) (raw)

Retail Luxury Goods and Jewelry

The industry's representative in the Kimberley Process, supporting the integrity of the diamond supply chain.

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About us

Representing businesses and organizations engaged in the global diamond value chain, the World Diamond Council (WDC) acts to protect the integrity of the supply chain, including efforts that prevent the trade in “conflict diamonds,” upholding human rights. As the industry representative in the Kimberley Process, providing technical, financial and other support, it has established the System of Warranties (SoW to extends the scope of the Kimberley Process Certification Scheme from the mine to the jewelry consumer, referencing international conventions on human and labor rights, Anti-Money Laundering and anti-corruption.

Industry

Retail Luxury Goods and Jewelry

Company size

2-10 employees

Type

Nonprofit

Founded

2000

Employees at World Diamond Council (WDC)

Updates

15,799 followers
2w Edited
Happy Monday Everyone! Today the WDC is thrilled to welcome #EternalDiamondsDMCC 😎💎 Eternal Diamonds is a global company specializing in natural diamonds and high jewelry based in Dubai, 🇦🇪, with a branch in Florida, 🇺🇸, founded by David Palomeque, Spanish jeweler with longstanding experience. We are grateful for your trust and commitment to the industry 🙏💎 #wdc #naturaldiamonds #responsiblepractices #diamondcommunity
Shana Tova to our Members and Friends celebrating
World Diamond Council (WDC) reposted this

15,799 followers
2w Edited
Happy Monday Everyone! Today the WDC is thrilled to welcome #EternalDiamondsDMCC 😎💎 Eternal Diamonds is a global company specializing in natural diamonds and high jewelry based in Dubai, 🇦🇪, with a branch in Florida, 🇺🇸, founded by David Palomeque, Spanish jeweler with longstanding experience. We are grateful for your trust and commitment to the industry 🙏💎 #wdc #naturaldiamonds #responsiblepractices #diamondcommunity
⏰ Time is almost OUT ❗All rough diamond traders are advised to transition to the revised SoW today❗ 🔜 Tomorrow, the original System of Warranties statement will no longer be valid. Click here ▶ to access registration: https://www.wdcsow.org/#wdc #naturaldiamonds #sow #systemofwarranties #responsiblepractices
We are delighted to announce that Barsamian Diamonds NV 🇧🇪 has joined the WDC Community! PHILIPPE BARSAMIAN, George van Tieghem, Nicolas Barsamian, Alexandre Barsamian and Cedric Barsamian, we thank you for your trust and commitment to our industry 🙌💎🙏 We look forward to cooperating with you! #wdc #naturaldiamonds #responsiblepractices
"One might question the value of a system that is not mandatory. However, it is precisely the voluntary nature of the WDC System of Warranties that makes it powerful. By adopting the SoW, you proactively demonstrate your commitment to ethical practices, not because you are compelled to do so by law, but because you openly recognize that maintaining trust in our industry is interwined with ensuring the viability of our businesses." With the SoW deadline approaching, Executive Director Elodie Daguzan highlights the importance of unwavering commitment to continuously improving responsible practices within our industry. Her insights remind us that progress requires both intention and action. 💎 💎 💎 #wdc #naturaldiamonds #SoW #systemofwarranties #responsiblepractices #diamondindustryhttps://lnkd.in/ekFMa62K
The power of voluntary commitment https://www.worlddiamondcouncil.org
"I learned that, in our pursuit of growth, it’s essential to remember that success lies not only in supply chains and the manufacturing line, but also in human resources. Great profits normally do not equate with cutting employee salaries, and public relations are crucial. Solving challenges for both employees and customers fosters a positive work environment and builds lasting relationships." In the latest edition of the WDC New Generation Series, Dhyey Sojitra of Mani Export Private Limited 🇮🇳 reflects on the invaluable wisdom his family has imparted to him throughout his journey in our industry 💎 #wdc #naturaldiamonds #newgeneration #youngleaders #responsiblepractices #diamondcommunityhttps://lnkd.in/dmFew4hq
A legacy of family, values and hard work https://www.worlddiamondcouncil.org
🔜 ONE MONTH to transition to the revised SoW ❗ ❗ Register here ➡ https://wdcsow.org/The WDC’s revised System of Warranties is set to reach its first critical deadline on September 21, 2024, as the three-year grace period to convert to the new system for rough diamond sales is about to end. 1) What is the System of Warranties? It’s a global mechanism created by the WDC for the industry, so that companies relay to the next buyer in the supply chain that the goods they are trading are in compliance with the Kimberley Process Certification Scheme (KPCS) and the SoW Guidelines, hence passing down the warranty of a conflict-free origin, as well as the assurance of adherence to other responsible business principles such as human rights, labor rights, anti-money laundering (AML) and counter-terrorism financing (CTF). 2) How can I transition to the revised SoW Warranty Statement? Follow this 3-step process: a) You must register on the dedicated WDC System of Warranties website. b) You must successfully complete an online self-assessment questionnaire. c) You can then add the new warranty statement to your invoices and memo templates and display the unique identification number that you will have received upon successful submission of the self-assessment. 3) How does the revised SoW help my business? It helps you review your own responsible practices and build your own capacity around them. By displaying your unique ID SoW number on your invoices and memos, you send a clear signal of compliance to your counterparts; hence pushing them to do the same as well. It shows your commitment to a more responsible industry. 4) Is the System of Warranties relevant to SMEs? The self-assessment of the SoW is customized to fit any company, whatever the segment(s) of the diamond and jewelry value chain you are involved in, the size of your company, or whether you are already compliant with other recognized industry standards (RJC/De Beers Group BBPs). “We strongly urge all companies, but especially at this very moment rough diamond traders, to transition to the revised SoW, if they have not done so yet, to be ready for the September 21 deadline,” said Elodie Daguzan, WDC Executive Director. “Registration is remarkable easy. There is a full toolkit available as well as a SoW Coordinator who operates a hotline for anyone requiring support. By abiding to the SoW, diamond companies demonstrate leadership, upholding the baseline of industry self-regulation at a time where due diligence practices have never been so important.”
"A hugely important part of our work has been skills transferal, and we are justifiably proud of our record of training local diamond professionals. We realized that in many cases the traditional model of expatriate valuers is an anachronism – most producing nations now have highly skilled diamond teams." Introducing Benjamin Marriott, Managing Director of Diamond Counsellor international (DCi) and a dedicated member of the WDC's KP Task Force, based in the UK 🇬🇧. With decades of experience as a rough diamond valuator, Ben has recently launched eValuer, an innovative online platform for rough diamond pricing, grounded in real market data! Thank you, Ben, for sharing your story and insights on our industry with us. 😎💎🙏 #wdc #naturaldiamonds #roughvaluation #transparency #kphttps://lnkd.in/eRdsitd3
I try to follow my own path https://www.worlddiamondcouncil.org

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World Diamond Council (WDC) | LinkedIn (original) (raw)

Retail Luxury Goods and Jewelry

The industry's representative in the Kimberley Process, supporting the integrity of the diamond supply chain.

About us

Employees at World Diamond Council (WDC)

Updates

Join now to see what you are missing

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