Kimberley Process

OUR DIAMOND POLICY – KIMBERLEY PROCESS

Theo Fennell is a world-renowned jeweller, yet accounts for only a minor share of the world’s diamond consumption. In fact, the vast majority of jewellery products carry no brand name. We have nonetheless chosen to take a leading role in advancing exemplary ethical conduct.

Theo Fennell adheres to the Kimberley Process Certification Scheme, which aims to put an end to “conflict diamonds”.

Theo Fennell engages in long-term relationships with suppliers who share our values. We work with our suppliers on a daily basis to help them respect and uphold the commitments of our company.

What is the Kimberley Process?

The Kimberley Process (KP) is a commitment to remove conflict diamonds from the global supply chain. Today, participants actively prevent 99.8% of the worldwide trade.

The Kimberley Process is an international certification scheme that regulates trade in rough diamonds. It aims to prevent the flow of conflict diamonds, while helping to protect legitimate trade in rough diamonds. The Kimberley Process Certification Scheme (KPCS) outlines the rules that govern the trade in rough diamonds. The KPCS has developed a set of minimum requirements that each participant must meet. The KP is not, strictly speaking, an international organisation: it has no permanent offices of permanent staff. It relies on the contributions – under the principle of ‘burden-sharing – of participants, supported by industry and civil society observers. Neither can the KP be considered as an international agreement from a legal perspective, as it is implemented through the national legislations of its participants.

What are conflict diamonds?

Conflict diamonds, also known as ‘blood diamonds, are rough diamonds used by rebel movements or their allies to finance armed conflicts aimed at undermining legitimate governments.

Who is involved?

The Kimberley Process (KP) participants are states and regional economic integration organisations that are eligible to trade in rough diamonds. As of November 2013, there are 54 participants representing 81 countries, with the European Community counting as a single participant. The participants include all major rough diamond producing, exporting and importing countries. The diamond industry, through the World Diamond Council, and civil society groups are also integral parts of the KP. These organisations have been involved since the start and continue to contribute to its effective implementation and monitoring.

The Kimberley Process In Action

81 governments have enshrined the Kimberley Process Certification Scheme (KPCS) into law. Today 99.8% of the world’s diamonds come from conflict-free sources. However, as even a single conflict diamond is one too many, the international diamond industry continues to work with governments, NGOs and the UN to strengthen the Kimberley Process and its system of warranties.

For further information: wwww.kimberleyprocess.com