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Question about conflict-free diamonds |
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| P: 11/26/2006 1:56:46 PM | |
dp111 Rough Rock Total Posts: 12 Last Post: 6/8/2007 Member Since: 8/29/2006 |
Hello everybody, I had a quick question about how to avoid purchasing conflict-diamonds and the Kimberley Process. so blue nile says: "In April 2003, President Bush passed a bill adopting the Kimberley Process that requires all US diamond retailers to buy diamonds from manufacturers who have documentation warranting that the merchandise was obtained through legitimate channels. Today, the US Customs Service is actively enforcing the Kimberley Process requirements as diamonds enter American ports." (http://www.bluenile.com/product_policies.asp) According to this, it seems like don't have to worry about buying a conflict diamond so long as I'm buying in the US. Does that sound right? Just checking, Doug |
| Posted: 11/26/2006 1:56:46 PM | |
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There are 5 replies to this message. There are 5 replies on this page. |
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| P: 11/26/2006 1:59:02 PM | |
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kenny Ideal Rock Total Posts: 2,841 Last Post: 11/23/2009 Member Since: 4/30/2005 |
We need big button at the top of the screen here at Rocky Talk about Conflict Diamonds. When we click on the button it should have a well written blurb on the subject with links. Otherwise that movie it going to bring a thousand new threads.
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| Posted: 11/26/2006 1:59:02 PM | |
| P: 11/26/2006 2:01:43 PM | |
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denverappraiser Ideal Rock Total Posts: 4,614 Last Post: 11/22/2009 Member Since: 7/21/2004 |
Click here Neil Beaty GG(GIA) ICGA(AGS) NAJA Professional Appraisals in Denver There's never a crowd when you go that extra mile. |
| Posted: 11/26/2006 2:01:43 PM | |
| P: 11/26/2006 3:21:25 PM | |
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starryeyed Ideal Rock Total Posts: 1,587 Last Post: 10/5/2009 Member Since: 11/6/2006 |
I checked out the link, Neil, and I guess the first question that popped into my head was about the "Buy Canadian" provision. It seems a lot of counterfeit merchandise enters the US from Asia via Canada, so why would diamonds necessarily be any different? I'm ignorant, but how difficult could it be to run a counterfeit laser inscription business out of Canada? How difficult would it be to "grease" a few of the folks who are suppose to certify the diamonds? It seems to me that when there's a will, there's a way and it is very difficult to be absolutely certain that a particular diamond is "conflict-free". The K Process was developed to "protect the legitimate diamond industry" but I can't help but notice the historical correlation with diamond discoveries in mines not controlled by DeBeers. It seems that DeBeers is using the very un-PC phenomena of conflict diamonds to further gain control over supply. Call me a pessimist, but these are some pretty clever folks.
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| Posted: 11/26/2006 3:21:25 PM | |
| P: 11/26/2006 3:35:11 PM | |
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Regular Guy Ideal Rock Total Posts: 5,320 Last Post: 11/24/2009 Member Since: 7/7/2004 |
Date: 11/26/2006 1:56:46 PM Author:dp111 According to this, it seems like don't have to worry about buying a conflict diamond so long as I'm buying in the US. Does that sound right? Doug, Though I don't know the level of confidence it's appropriate to have, and anything is possible, I think resources are pretty well in place to represent due diligence is in process to help this situation. Neil has been a good messenger on this board concerning this topic. However, for those who find themselves concerned about it, and are sensitive to the fact that due diligence is not as thorough as it might be, the direction I would recommend is not one that is reactive...going in either of a couple of different directions...whether to insure Kimberly worked, or to Canadian, so you don't have to care...but rather, instead, take a proactive approach, which is a different, but highly related idea. Much like the concerns of past recent decades about how to engage in South Africa (doubly on point) in situations of apartheid...though you could choose to exit your business, you could instead take a positive advantage of making your mark there, and try to have a positive influence. Conversations about this have been sought after and engaged on Pricescope, here. Ira (Ruffles have Ridges) Z. |
| Posted: 11/26/2006 3:35:11 PM | |
| P: 11/26/2006 3:53:18 PM | |
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JohnQuixote Ideal Rock Total Posts: 5,212 Last Post: 5/24/2008 Member Since: 9/9/2004 |
Date: 11/26/2006 1:56:46 PM Author:dp111 According to this, it seems like don't have to worry about buying a conflict diamond so long as I'm buying in the US. Does that sound right? Just checking, Doug In North America you can buy with high confidence. John |
| Posted: 11/26/2006 3:53:18 PM | |
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