(worlddiamondcouncil.org) - Dear friends, when the Kimberley Process Certification Scheme (KPCS) was launched officially on January 1, 2003, it created for the first time in our industry’s history an ethical threshold that could be universally enforced. While limited to rough diamonds involved in the financing of civil conflict, it was fair to say that the Rubicon had been crossed. A network of governments, with the full support of industry and civil society, had ruled that from that point forward only diamonds meeting a minimum standard could be traded legitimately. But already then, the World Diamond Council (WDC) decided to raise the bar. While the KPCS applied to only to rough diamonds, the WDC’s System of Warranties (SoW) extended the non-conflict guarantee into the polished diamond sector. While voluntarily applied, the SoW declaration became a standard feature on B2B invoices and memos issued throughout the trade.
News
Richemont, Signet in talks to join De Beers consortium – report
Luxury group Richemont and US retailer Signet Jewelers are in advanced talks to join the Global Diamond Consortium (GDC) bidding for De Beers, according to five people familiar with the matter, Bloomberg reports.
Today
Silver market deficit to widen in 2026 - report
In the latest World Silver Survey prepared by the Silver Institute and Metals Focus, the global silver market deficit is forecast to widen for the sixth consecutive year to 46.3 million ounces.
Today
Tharisa signs PGM offtake deal with Valterra Platinum, expands chrome collaboration
South Africa’s Tharisa has entered a binding arrangement for the sale of PGM concentrate to Rustenburg Platinum Mines, a subsidiary of Valterra Platinum, effective 1 January 2027.
Today
Botswana, De Beers suitor near deal on ownership stakes – report
Botswana and a consortium leading the race to acquire De Beers are close to agreeing on their future ownership stakes, potentially clearing the way for Anglo American to exit the diamond miner, according to Bloomberg.
Yesterday
Petra Diamonds subsidiary ordered to wind up over unpaid tax
Petra Diamonds has confirmed that a winding-up order has been made against its wholly owned indirect subsidiary, Petra Diamonds UK Treasury Limited (PDUK Treasury), following a petition by HM Revenue & Customs.
Yesterday
