4Cs Diamonds - London

In July 2000, the World Federation of Diamond Bourses and the International Diamond Manufacturers Association met in Antwerp to discuss, among other things, the concern over human rights violations committed in some diamond producing countries. During this meeting a resolution was passed to create the World Diamond Council (WDC).

The resolution called for the WDC to develop and implement a tracking system for the export and import of rough diamonds to prevent diamonds being exploited for illegal purposes.

As a result of the commitment and resolve of WDC leaders and members, significant strides have been made toward resolving and reconciling these issues. The development and implementation of the Kimberley Process, for example, has reduced the flow of conflict diamonds in the marketplace from approximately 4% to significantly less than 1%. While the number of conflict diamonds has been reduced, and this is an improvement, it is still not enough. The diamond industry will continue its efforts until conflict diamonds are eradicated completely.

http://www.diamondfacts.org