The herbal diamond organization operates as a huge and
severa surroundings of businesses and companies.
From big-scale diamond mining companies, much like the
members of the Natural Diamond Council, to independent diamond shops and
fashion designer brands, in reality anyone plays a function in making sure the
complete diamond cost chain is upholding the very excellent standards, from the
people whose lives we contact to the environment wherein we function.
Did You Know? Eighty five% of the arena’s natural diamonds
thru amount and ninety five% thru price are extracted and advertised with the
aid of massive scale mining businesses, positioned in geographically numerous
locations, at the side of Canada, and Botswana. These ethical diamond
corporations function with a excessive diploma of transparency and take
responsibility for their societal and environmental impact, posted in audited
sustainability evaluations.
Every buy of a herbal diamond helps an ethical diamond
organization that values accountable and obvious enterprise practices, even as
assisting close by businesses to generate prolonged-term sustainable
development and an extended-lasting exquisite legacy.
Natural Diamond Council Members proper away and not directly
guide the livelihoods of extra than 10 million humans global, producing extra
than US $sixteen billion in step with twelve months in net socio-economic and
environmental blessings. [Source: Trucost ESG Analysis].
These advantages are infused into communities through close
by employment, training, sourcing of services and products, taxes and
royalties, social applications, and infrastructure investment.
Read more approximately the impact of the natural and
sustainable diamond enterprise proper right here and also discover key
sustainability packages supported thru Natural Diamond Council human beings.
Below, you may find out how ethical diamonds journey thru
the deliver chain in an moral and sustainable way. For a top level view of the
way diamond organization suggestions, standards and self-regulation programs
fit collectively, have a have a look at the diagram underneath:
Regulatory Framework and International Standards
The natural diamond enterprise abides with the useful useful
resource of severa worldwide human rights frameworks and difficult paintings
policies, alongside u . S .-precise rules and further rigorous ethical, social,
and environmental necessities to make certain it does enterprise within the
moral diamond industry in a accountable way.
Some vital examples of these are described beneath:
The United Nations Global Compact (UNGC) and the 17 UN
Sustainable growth Goals (SDGs) provide a guiding framework for all
corporations in defining and tracking their sustainability programs. All Natural Diamond Council human beings have
advanced sustainable diamond strategies which may be aligned with and assist
the UN Sustainable Development Goals of their operations.
The Kimberley Process
The Kimberley Process, additionally known as the Kimberley
Process Certification Scheme (KPCS), is a joint initiative amongst governments,
diamond company our bodies and civil society, mandated through the United
Nations and the World Trade Organization, to stem the drift of ‘Conflict
Diamonds.’
This ‘tripartite composition’ of the Kimberley Process
guarantees its relevance and will boom its effect. The Process, open to all
nations, have emerge as operational in 2003 to manipulate alternate in tough
diamonds amongst taking part global locations. The KPCS seeks to save you the
illicit diamond alternate and make sure that purchases of herbal diamonds do
not finance violence thru armed actions and their allies searching for to
undermine valid governments. It is a felony requirement that all difficult
diamond exports are located through a government-showed Kimberley Process
Certificate
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