IN JULY 2000, THE GLOBAL DIAMOND INDUSTRY ANNOUNCED ITS ZERO-TOLERANCE POLICY TOWARDS CONFLICT DIAMONDS AND CONTINUES TO DRIVE THIS POLICY.
In 2000, at the World Diamond Congress in Antwerp, the international diamond industry created the World Diamond Council and announced the industry's zero tolerance policy towards conflict diamonds. The World Diamond Council worked to help create and implement the Kimberley Process, and is still working to support and improve it. In addition and in keeping with the industry's determination to eradicate conflict diamonds, the World Diamond Council and its members agreed to provide assurance-to all purchasers up to final sale-that the diamonds being sold were from conflict free sources. This assurance, called the 'System of Warranties,' involves a written statement on all invoices declaring that, to the best of the supplier's knowledge, the diamonds are from conflict free sources.
While the number of conflict diamonds has been reduced from approximately 4% to significantly less than 1%, it is still not enough. The diamond industry continues to work towards eliminating conflict diamonds entirely.
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