How the Kimberley Process Works
By November 2002, negotiations between governments, the international diamond industry and civil society organizations resulted in the creation of the Kimberley Process Certification Scheme (KPCS).
The KPCS document set out the extensive requirements for controlling rough diamond production and trade. It was implemented in 2003, when participating countries, including the U.S. started to apply its regulations. President Bush passed a law adopting the Kimberley Process that required all U.S. diamond retailers to buy diamonds from manufacturers who have documentation meriting that the merchandise was obtained through legitimate channels. Today, the U.S. Customs Service actively enforces the Kimberley Process requirements as diamonds enter American ports.
As of July 2020, the KP has 56 participants, representing 82 countries. And KP members account for approximately 99.8% of the global production of rough diamonds.
Modern Rustic Diamond Guarantee
We are committed to ethical and humane mining.
We guarantee all diamonds purchased from Modern Rustic Diamond to be conflict free. This is guaranteed in writing on each invoice in the following manner:
The diamonds herein invoiced have been purchased from legitimate sources not involved in funding conflict and in compliance with United Nations Resolutions. The undersigned hereby guarantees that these diamonds are conflict-free, based on personal knowledge and/or written guarantees provided by the supplier of these diamonds.
Worldwide, diamonds are fuelling economic prosperity.
Today, countries that mine diamonds are providing robust benefits to their people.
- An estimated 5 million people have access to suitable healthcare globally thanks to revenues from diamonds.
- Diamond revenues enable every child in Botswana to receive free education up to the age of 13.
- An estimated 10 million people globally are directly or indirectly supported by the diamond industry.
- The diamond mining industry generates over 40% of Namibia's annual export earnings.
- In India, approximately one million people are employed by the diamond industry.
- Approximately $8.5 billion worth of diamonds a year come from African countries.
- The revenue from diamonds is instrumental in the fight against the HIV/AIDS epidemic.
- An estimated 65% of the world's diamonds come from African countries.
Sourced by DiamondFacts.org