Press Release: The RJC advises its members to be vigilant about trading diamonds that do not carry the full authority of the Kimberley Process. The RJC points out to its members that until consensus is reached [on Zimbabwe], the notice from the Kimberley Process chair stresses that trade in Marange diamonds can only take place in compliance with the Kimberley Process’ Joint Work Plan agreed to in June 2010.
The RJC Code of Practices includes four provisions requiring conformance with the Kimberley Process Certification Scheme for rough diamonds. As part of the RJC Certification process, RJC Members undergo independent, third party auditing of their relevant business practices to evidence their conformance with the RJC’s Code of Practices. Full compliance with the Kimberley Process Certification Scheme is vital for RJC members and for the entire jewelry industry.
The RJC is continuing consultations with stakeholders on the development of a RJC Chain-of-Custody certification standard for the diamond, gold and platinum jewelry supply chains. RJC Chain-of-Custody certification would be voluntary and complementary to the RJC’s existing independent third party certification of its members’ responsible business practices. A discussion paper containing a draft Chain-of-Custody Standard is currently open for public comment until January 31, 2011.
For more information about the RJC Chain-of-Custody certification initiative, see:
Rapaport News is not responsible for, and does not endorse, the content of any press release. Press releases are not written by us and are provided only as additional information for our clients.