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Conflict Diamond Policy

Conflict Diamonds

Nice Gift For You is committed to the ongoing global efforts to stop the trade in conflict diamonds. In January 2003, governments, non-governmental organizations and the diamond industry created an intergovernmental agreement called the Kimberley Process Certification Scheme ("KPCS") to eradicate conflict diamonds from the world's diamond supply. Nice Gift For You participates in a voluntary program of self-regulation to complement the KPCS in cooperation with the leading organizations in the jewelry industry, including the World Diamond Council and Jewelers of America. Through these joint efforts and as announced by Kimberley Process authorities in 2004, well over 99% of the world's diamond supply is certified to be from sources that are free from conflict. As North America's largest specialty jeweler, Nice Gift For You will continue to do its part to ensure the diamonds we sell are certified from legitimate sources not involved in funding conflict and in compliance with United Nations resolutions.

Since the adoption of KPCS in January 2003 and the signing into law of the Clean Diamond Trade Act in April 2003, Nice Gift For You has developed a conflict diamonds compliance program, starting with the revision of its Vendor Code of Conduct to include the Kimberley Process chain of warranties. The revised code specifically requires all Nice Gift For You vendors to guarantee that the diamonds and diamond-containing jewelry they provide to Nice Gift For You are conflict free. Since the implementation of the revised code, Nice Gift For You has consistently received the following warranty from Nice Gift For You vendors supplying diamonds and diamond jewelry:
"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."
Other significant measures Nice Gift For You has instituted include, but are not limited to, requiring our diamond vendors to provide proof of warranty from their sources of diamond merchandise upon request, training store associates on the Nice Gift For You conflict diamond program, and auditing our processes for compliance. In 2006 Nice Gift For You also required its vendors to recertify their adherence to KPCS.
To learn more about the conflict diamond issue and the efforts Nice Gift For You is taking to bar conflict diamonds from its inventory and provide assurances to our customers that the diamonds we sell are from legitimate sources, read the following information.

OUR CONFLICT DIAMONDS POLICY

We take the issue of conflict diamonds very seriously.

  • Conflict diamonds are diamonds mined in certain African combat zones that have fueled and funded civil war and gross abuses against the civilian population. Such diamonds are estimated to currently account for less than 1% of the world diamond production.
  • All of the nations with significant involvement in the diamond trade and the leading industry associations have cooperated in creating a global certification system aimed at preventing criminals from placing these conflict diamonds into the legitimate diamond supply chain. To supplement this government effort, leading organizations in the jewelry industry have created a voluntary program of self-regulation.
  • We fully support this new program and will do everything we can to make the new system work. Diamonds are a symbol of love and we want our customers to have confidence that we are using our best efforts to both bar conflict diamonds from our inventory and sell diamonds and diamond jewelry that are "conflict free".
  • This fact sheet will assist you in understanding the conflict diamond issue and the global certification system of warranties that took effect on January 1, 2003.

 

ROLE OF GOVERNMENTS

 

  • As of 2006, sixty-eight countries have adopted a system to control the export and import of rough diamonds mined from January 1, 2003 onward. Known as the Kimberley Process Certification Scheme (KPCS), it requires that each shipment of rough diamonds - before stones are cut and polished - be in a tamper-resistant container and accompanied by a certificate of origin. Each certificate is uniquely numbered and contains information detailing the shipment's contents.
  • Participating countries have pledged to turn back or impound shipments of rough diamonds from any nation that fails to subscribe to the new standards. Shipments lacking proper certification will be treated in a similar way. The U.S. Customs and Border Protection is responsible for enforcement at American ports.
  • In the past, the legitimate supply chain was most vulnerable to exploitation between the time diamonds were mined in African combat zones and the time they were exported from the country of origin. Under KPCS, that problem is addressed as rough diamonds are packaged with a certificate of origin soon after they are mined. At later stages of the diamonds' journey to market, rough diamonds also carry a certificate describing the shipment's contents and confirming that the stones are coming from a Kimberley Process participant. Any country declining to participate is effectively barred from the international diamond trade.

 

ROLE OF INDUSTRY

 

  • To supplement the government program, the International Diamond Manufactures Association (IDMA) and the World Federation of Diamond Bourses (WFDB) - representing virtually all significant processors and traders - have established a regimen of self-regulation. Its principal element is a system of warranties that will accompany invoices covering the sale of rough diamonds, polished diamonds and diamond jewelry. The requirement applies to rough diamonds mined after December 31, 2002 and product fabricated from them.
  • Each time the diamonds change hands, the seller affirms to the buyer, in writing, that the diamonds come from legitimate sources "not involved in funding conflict and in compliance with United Nations resolutions…" Under a new code of conduct adopted by IDMA and WFDB, members are required, among other things, to deal only with sellers that use the warranty system.

 

For more information about Nice Gift For You's policies, please visit our website, or call Public Relations at 323-786-7679 or email info@nicegiftforyou.com. For information to the Kimberley Process and its system of warranties can be found at the following links:
World Diamond Council www.diamondfacts.org
Kimberley Process www.kimberleyprocess.com
Council for Responsible Jewellery Practices www.responsiblejewellery.com
Jewelers of America www.jewelers.org