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How can I buy conflict-free diamonds in Antwerp?

  • What is the Kimberley process?
  • What does the city of Antwerp do for ethical diamonds?
  • What is the result of such a process?

The Antwerp diamond sector remains the global leader in the fight against conflict diamonds. Blood diamonds are systematically blocked in Antwerp by the Kimberley process, a collaboration between governments, the diamond sector and NGO’s. This means buying diamonds in Antwerp offers automatic security that your diamonds are ethically responsible. But what does that mean exactly?

What is the Kimberley process?

Buying diamonds in Antwerp means your jeweller is represented by the Antwerp World Diamond Centre (AWDC). This carefully coordinates and monitors all incoming and outgoing diamonds. The AWDC provides the Kimberley process, a strict international control mechanism for the sale of rough diamonds, with its full support. The Kimberley Process (KP) was first launched in 2000 in the South African town of Kimberley. Since 2008 there have been a total of 79 participants, which together represent 75 countries with an ethical vision on the diamond trade.

Conflict diamonds are diamonds used to finance armed rebels, war and conflict. Men, women and children are used to mine for diamonds under inhumane conditions. Even though most civil wars which use this income have now been stopped, the problem still has not been completely eliminated.

What does the city of Antwerp do for ethical diamonds?

Buying diamonds in Antwerp is opting for by far the most transparent and controlled trading centre for diamonds in the world. Every suspicious shipment is meticulously checked, making sure any risk of fraud is kept to an absolute minimum. The diamond sector thereby wants to give off a powerful signal that diamonds from conflict areas are not welcome in Antwerp.

What is the result of such a process?

In case of any possible doubt, the diamonds are extensively compared with the properties of diamonds from conflict areas. Antwerp is an incredibly important link in the chain with this monitoring, as 84% of the rough diamonds and 50% of the cut diamonds pass through Antwerp. Buying diamonds in Antwerp is accompanied by a Kimberley certificate. This ensures you can rely on the fact your diamonds are from the purest possible origin. Antwerp has thereby confirmed its status as the international number one in ethically pure diamonds, both where quality and origin are concerned.

What if I instantly want to buy ethical and quality diamonds in Antwerp? How can I start to invest straight away? Ask BAUNAT DIAMONDS’ experts for advice or request a quotation now.

Author: Katrien Maes
Source: BAUNAT

With this article, BAUNAT strives to inform you thoroughly about investing in diamonds. No investment can be guaranteed to be without risk or fully according to your expectations. That is why we recommend to research the risks and aspects of investing in diamond properly to ensure that you make the right choice for your portfolio.

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