WDC agrees to finance and operate KP’s administrative support mechanism

by eyetee | June 5, 2014 3:00 pm

[1]The World Diamond Council (WDC) has signed a memorandum of understanding (MoU) with the Kimberley Process in which it agrees to finance and operate the certification scheme’s Administrative Support Mechanism (ASM).

“The signing of this document underscores the absolute commitment that the diamond and jewellery industries have to the Kimberley Process, the Kimberley Process Certification Scheme, and the principle that no diamond should be associated with conflict or violence,” said WDC president Edward Asscher.

“The KP serves our industry, and in return we are prepared to serve it, by assisting the KP chair and the various committees to fulfil their critically important roles in the most effective way possible. I thank the KP chair for showing confidence in our ability to carry out our duties faithfully and efficiently, and trust we will continue doing so for years to come. It is our duty to guarantee the integrity of our product and maintain the confidence consumers have in diamonds.”

The ASM provides a variety of support services to the Kimberley Process, including:

• the maintenance of an online electronic archive;

• the provision of communication services;

• logistical support for the KP chair, chairs of KP working groups, and ad hoc committees, including the organization of meetings and country review visits; and

• follow through on training, data, and requests for technical assistance.

Administrative in nature, ASM operates in accordance with the instructions of the KP chair and working group chairs.

Since the ASM was launched in 2013, the task of managing the body has been divided among four WDC members: the Antwerp World Diamond Center (AWDC), the Israel Diamond Institute Group of Companies, India’s Gem and Jewellery Export Promotion Council (GJEPC), and the Diamond House of the Government of Ghana. 

Source URL: https://www.jewellerybusiness.com/news/wdc-to-finance-and-operate-kp-s-administrative-support-mechanism/

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