What is the Kimberley Process?
The World Diamond Council has worked successfully with the United Nations, governments to introduce a system for the certification of the source of uncut diamonds to prevent the trade in conflict diamonds. This system, known as the Kimberley Process Certification Scheme (KPCS), was formally adopted in November 2002, and came into operation on January 1, 2003.
How Does the Kimberley Process Work?
The KPCS requires participating governments to ensure that each shipment of rough diamonds exported be in a secure container and accompanied by a uniquely numbered, government-validated certificate stating that the diamonds are conflict-free. Over 45 countries participate, representing all the nations with significant involvement in the diamond trade. All 45 importing countries agree not to accept any rough diamonds without an approved Kimberley Process Certificate.
Belllataire Compliance Policy
Bellataire LLC fully supports policies that prohibit the trade in conflict diamonds, prevent money laundering, and combat the financing of terrorism. The Company complies with clean diamond trading and anti-money laundering legislation adopted by the United States Government, such as the Clean Diamond Trade Act, and supports relevant resolutions by concerned governments and the United Nations.
Bellataire LLC will continue to join diamond industry and trade associations in condemning and combating the trade in illicit diamonds and to comply fully with World Diamond Congress (WDC) resolutions for industry self-regulation in respect of the Kimberley Process Certification Scheme, including the implementation of the WDC's prescribed System of Warranties
The following Website - http://www.diamondfacts.org - was launched by the World Diamond Council as a public site designed to educate both consumers as well as the trade about the conflict diamonds issue.