The primary purpose of the WDC is to represent the diamond industry in the development and implementation of regulatory and voluntary systems to control the trade in diamonds embargoed by the United Nations or covered by the Kimberley Process Certification Scheme (so called “conflict diamonds”). “Conflict diamonds” are rough diamonds used by rebel movements or their allies to finance conflict aimed at undermining legitimate governments, as described in relevant resolutions by the UN Security Council and UN General Assembly. The WDC has also established the System of Warranties which extends the effectiveness of the Kimberley Process beyond the export and import of rough diamonds, to the trade and sale of polished diamonds. The Kimberley Process has been very effective at nearly eradicating the trade in conflict diamonds, and the WDC – as the industry representative body in the Kimberley Process – has played and continues to play an important role in further improving its effectiveness and strengthening consumer confidence in the diamonds they purchase.
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