Thanks to increased awareness and consciousness in recent years, consumers have become much more eco-responsible in all market sectors.
Being aware of the social and environmental impact of everything they buy, they have considerably changed their consumption habits to become much more attentive to the origin of products and the guarantee of respectful and responsible production methods.
Fortunately, the diamond market is no exception to this trend. Finding the right diamond is one thing, but making sure it comes from an ethical source is another.
We understand that our customers are concerned about where their diamonds come from, and we share that concern. At Woodeex, we have a zero-tolerance policy towards diamonds that ensue from violence or conflicts.
Every diamond dealers/sellers on Woodeex adhere to the “System of Warranties” and the Kimberley Process and ensure that their supplies are coming in from legitimate sources. As a result, every diamond we sell is certified conflict free.
Our company’s guidelines go far beyond the Kimberley Process. By providing direct access to our suppliers/diamond dealers, we provide visibility and transparency into the origin of diamonds and the supply chain.
What is the Kimberley Process?
For many years, the international community has been concerned about the link between the trade in rough diamonds and the financing of armed conflict in some African countries.
In 2003, the diamond industry, in accordance with the United Nations, established a process to prevent the circulation of conflict (blood) diamonds. This initiative, called the Kimberley Process, aims at tracing every diamond from the mine to the point of sale, thereby preventing the trade in illegal diamonds.
The “System of Warranties” is complementary to the Kimberley Process in that it no longer applies only to rough diamonds but also to polished diamonds.
The latter involves issuing a statement of assurance on each invoice that guarantees that the diamond is “Conflict Free”, meaning that it comes from a legitimate source not involved in financing armed conflict.