diamonds. This agreement became known as The Kimberley Process and provides documentation and certification of diamond exports from producing countries to ensure that the proceeds of sale are not being used to fund criminal or revolutionary activities.
Recently a system of self regulation was announced by the World Diamond Council under which all diamonds sold, rough or cut, are covered by a warranty given by the supplier. Buyers guarantee to buy only from suppliers who give this following warranty:
“The diamonds herein invoiced have been purchased from legitimate sources not involved in funding conflict and in compliance with United Nations resolutions. The seller hereby guarantees that these diamonds are conflict free, based on personal knowledge and/or written guarantees provided by the supplier of these diamonds.”
An important note is that The Kimberley Process only applies to rough diamonds whereas self regulation applies to both rough and finished diamonds.
As it is not possible to know the origins of old recycled and part exchanged diamonds from before the existence of The Kimberley Process, UK trade bodies recommend that trade in these diamonds is covered by the following declaration:
“The seller warrants that conflict diamonds will not be knowingly sold and that, to the best of his ability, he will undertake reasonable measures to help prevent the sale of conflict diamonds in this country.”
Diamonds are a common focus of fiction and the latest offering by Warner Brothers due to be released in 2006 is The Blood Diamond directed by Edward Zwick, starring Leonardo DiCaprio. Jennifer Connelly and Djimon Hounsou.
The Blood Diamond is the story of Danny Archer (Leonardo DiCaprio), a South African mercenary and set in 1990’s Sierra Leone. It involves the quest for a rare rough pink diamond and the chance of a new life if found.
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GETi are the manufacturers of the UKs leading brand of high quality Titanium and Black Zirconium wedding and dress rings.www.geti.cc
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