25 Jun 2019
DiamondWorld Directory
Home |
Archival
Home
Time to Retrospect & Act
World Diamond Congress
By: Diamond World News Service
|
Dec 27 2018 4:32PM
|
Reference: 16884  

DecreaseIncrease
(L to R) Gaetano Cavalieri, Pramod Kumar Agrawal, Ronnie Vanderlinden, Mehul Shah, Anoop Mehta and Ernie Blom
(L to R) Gaetano Cavalieri, Pramod Kumar Agrawal, Ronnie Vanderlinden, Mehul Shah, Anoop Mehta and Ernie Blom
Stakeholders at the World Diamond Congress agreed that the global diamond industry has to take into account the current situations and issues plaguing the industry, reflect on them and take action accordingly. By Kavita Parab

At present, the diamond industry -be it domestic or international - is at a stage where there are many issues like FTC guidelines, reduced bank exposure, changes in the functions of the trade shows, and synthetic diamonds. These were the issues discussed at the recently concluded World Diamond Congress. The Congress, bi-annual meeting of IDMA and WFDB was held at Bharat Diamond Bourse in Mumbai.

It was also the first time the Congress was live streamed across the bourses in the world.

Kimberley Process & System of Warranties (SoW)
During its 14th AGM in Mumbai, World Diamond Council (WDC) reached consensus on critical areas of reform for both the Kimberley Process and the WDC System of Warranties(SoW). WDC in a statement said that “a Board- instructed strategic planning committee will develop a member’s toolkit to help in the implementation of the guidelines respecting the realities and practicalities of the diamondsupply chain. These guidelines will introduce the strongest level of adherence to date for SoW statement users, requiring adherence to universally accepted principles on human and labour rights, anticorruption and anti-money laundering in support of mandatory Kimberley Process Certification Scheme (KPCS) implementation including the inclusion of OECD due diligence guidelines. Changes will be implemented on an ongoing basis and will be included in the upcoming 2021-2025 WDC Strategic Plan.”

Also, the board members re-affirmed their continued commitment to KP reform with agreement to push forward on an expanded definition of conflict diamonds to address human security and environmental concerns. The WDC Board meeting included the appointment of Edward Asscher as Vice President, the re-election of Ronnie Vanderlinden as Treasurer, and reappointment of Udi Sheintal as Secretary-General.

During the Congress, the GJEPC also urged the global diamond industry to incorporate a process enabling the certification of diamonds that do not carry the stigma of corruption or money laundering and are not linked in any way to terrorism or terrorist financing.

Pramod Kumar Agrawal, Chairman, GJEPC said, “World diamond industry need to walk the path of sustainability. We should reform the way we do business and reform should begin with selfregulation.” He further mentioned that Indian diamond industry as a whole also proposes to adopt sustainable development practices.

Even Dr. Gaetano Cavelleri, CIBJO President spoke about responsible sourcing, unity and cooperation. He said, “I think that one of our commitments and responsibility is to be responsible in how we source our goods wherever they come from.”

First | Previous | 1 | 2 | Next | Last | All

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 14278
GJEPC Chairman Interview
Views: 13196
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 20067
Promo for IJ Awards 2012 at NDTV Profit
Views: 32685
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 35845
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 10708
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 34141
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 32207
Member of:
Supporter of: