Conflict Free Diamond Policy
PAERIP adheres to a strict zero tolerance policy with regard to Conflict Diamonds; also known as Blood Diamonds. These are rough, loose diamonds which are used by rebel movements to finance wars against legitimate governments. These illicit diamonds have been used to fuel generations of conflict in unstable regions such as Angola, Cote d’lvoire, the Democratic Republic of the Congo and Sierra Leone (just to name a few) with devastating consequences for countless, innocent people.
The issues stemming from the trading of these Conflict Diamonds have become so pronounced that the United Nations has taken initiative, resulting in the adoption of an international resolution now known as The Kimberley Process. This is a joint initiative between several international entities, including the United States’ government.
The extensive member requirements associated with this international “Conflict-Free Diamond” initiative have become collectively known as the Kimberley Process Certification Scheme (KPCS.) Basically, KPCS imposes strict certification guidelines, requiring rigorous documentation of diamond purchases to ensure that they have been obtained through legitimate channels. As of 2009, the Kimberley Process initiative had accumulated 49 members representative of 75 countries, accounting for approximately 99.8% of diamond production worldwide.
We offer all of our customers the assurance that all of our diamonds have been obtained through conflict-free, humanitarian channels. We employ a strict adherence to the standards set forth by the Kimberley Process and require the same compliance from all of our diamond suppliers. If the required documentation cannot be produced, we cease doing business with that supplier; it’s that simple. We are proud of our commitment to this Conflict-Free policy, and feel good about offering our customers the peace of mind that goes along with it.
For more information on the diamond industry standards set forth by the Kimberley Process, please visit www.kimberleyprocess.com.