29 Feb 2020
DiamondWorld Directory
Home |
News
Home
WFDB warns about use of conflict diamonds
Avi Paz requests the 28 WFBD affiliated bourses to be aware about the same
By: Diamond World News Service
|
Apr 3 2009 3:49PM
|
Reference: 3678  

DecreaseIncrease

The World Federation of Diamond Bourses (WFDB) President Avi Paz called on the members of the 28 bourses affiliated to the WFDB to be aware about the use of conflict diamonds. His statement was in response to the numerous reports of violations of the Kimberley Process Certification Scheme in Zimbabwe. Paz said, "The WFDB and its membership worldwide are committed to do all it can to prevent conflict diamonds from Zimbabwe or from any other source for that matter to be traded by our members.

The WFDB noted that its warning not to trade in conflict diamonds from Zimbabwe pertains in particular to diamonds originating from the Marange deposits. Comprehensive data, descriptions and photographs of these rough diamonds mined at the Marange deposits have been widely circulated by the Kimberley Process working group of diamond experts, thus making identification of these illicit diamonds easier.

The warning issued by the WFDB does not pertain to diamonds mined at the Murowa deposits since the production from this source is in compliance with the Kimberly Process. However, the WFDB wishes to reiterate that rough diamonds can only be traded when they are accompanied by KP certificates. "Any bourse member who trades in rough diamonds without KP certification is liable for expulsion from his bourse, which in all practical terms means the exclusion from the entire diamond business community," WFDB President Avi Paz declared.

He further added that, "As founding members of the World Diamond Council and as signatories to the Kimberley Process Certification Scheme (KPCS), it is our duty to remind not only our own members but all those who operate in the diamond industry and trade of the devastating impact of conflicts fuelled by the trade in conflict diamonds on the peace, safety and security of people in affected countries, and the systematic and gross human rights violations that have been perpetrated in such conflicts.” The WFDB and its member bourses have a cast-iron rule that rough diamonds can only be traded when they are accompanied by KP certificates," Paz stated. "Any bourse member who trades in rough diamonds without KP certification is liable for expulsion from his bourse, which in all practical terms means the exclusion from the entire diamond business community," Paz concluded.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
HouseAd_Trade Fair
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Young Diamantaires
Pictures: 16
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
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 24438
GJEPC Chairman Interview
Views: 22071
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 29241
Promo for IJ Awards 2012 at NDTV Profit
Views: 42712
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 45074
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 17848
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 42995
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 41008
Advertisement
KGK_Antwepr
Advertisement
M.Tarun
Member of:
Supporter of: