Global Diamond Exchange, Inc. (GBDX)

[Dingie1234567]

Here is some DD for you and I will also leave the link for you as well.

http://staging.diamondfacts.org/facts/fact_13.html

UNDER THE KIMBERLEY PROCESS, ROUGH DIAMONDS CAN ONLY BE EXPORTED AND IMPORTED WHEN ACCOMPANIED BY A CERTIFICATE FROM THE EXPORTING COUNTRY.

By law, no rough diamonds are permitted to enter a Kimberley Process participant country without a certificate. The Kimberley Process stipulates that all rough diamonds are sealed in tamper-resistant containers and must have forgery resistant conflict free certificates with unique serial numbers, each time they cross an international border. Any individual importing or exporting rough diamonds between Kimberley Process participants without a certificate is breaking the law and will be prosecuted by the appropriate government.

The number of conflict diamonds has been reduced from approximately 4% to significantly less than 1%. However, the diamond industry will not rest until that number reaches zero.

http://staging.diamondfacts.org/facts/fact_06.html

IN JULY 2000, THE GLOBAL DIAMOND INDUSTRY ANNOUNCED ITS ZERO-TOLERANCE POLICY TOWARDS CONFLICT DIAMONDS AND CONTINUES TO DRIVE THIS POLICY.

In 2000, at the World Diamond Congress in Antwerp, the international diamond industry created the World Diamond Council and announced the industry's zero tolerance policy towards conflict diamonds. The World Diamond Council worked to help create and implement the Kimberley Process, and is still working to support and improve it. In addition and in keeping with the industry's determination to eradicate conflict diamonds, the World Diamond Council and its members agreed to provide assurance-to all purchasers up to final sale-that the diamonds being sold were from conflict free sources. This assurance, called the 'System of Warranties,' involves a written statement on all invoices declaring that, to the best of the supplier's knowledge, the diamonds are from conflict free sources.

While the number of conflict diamonds has been reduced from approximately 4% to significantly less than 1%, it is still not enough. The diamond industry continues to work towards eliminating conflict diamonds entirely.

http://staging.diamondfacts.org/who/index.html

In July 2000, the World Federation of Diamond Bourses and the International Diamond Manufacturers Association met in Antwerp to discuss, among other things, the concern over human rights violations committed in some diamond producing countries. During this meeting a resolution was passed to create the World Diamond Council (WDC).

The resolution called for the WDC to develop and implement a tracking system for the export and import of rough diamonds to prevent diamonds being exploited for illegal purposes.

As a result of the commitment and resolve of WDC leaders and members, significant strides have been made toward resolving and reconciling these issues. The development and implementation of the Kimberley Process, for example, has reduced the flow of conflict diamonds in the marketplace from approximately 4% to significantly less than 1%. While the number of conflict diamonds has been reduced, and this is an improvement, it is still not enough. The diamond industry will continue its efforts until conflict diamonds are eradicated completely.

To see a list of Kimberley Process participants, click here

Membership Organizations
The World Diamond Council represents over 50 industry organizations - from mining companies and trade associations to manufacturers and retailers - worldwide. Member organizations include: ABN Amro Bank International Division; Alrosa Company; American Gem Society; Antwerpse Diamantbank; Ascorp; Association of Diamond Manufacturers of Russia; Belgian Federation of Diamond Bourses; BHP Diamonds & Industrial Metals; Canadian Diamond Consultants Inc.; Cartier; Centre for Expertise, Valuation and Certification (Democratic Republic of Congo); CIBJO; Codiam; Damas; De Beers; De Beers LV; Debswana Diamond Co.; Diamond Chamber of Russia; Diamond Dealers Club New York; Diamond Federation of Hong Kong; Diamond Manufacturers and Importers Association; Diamond Trading Company; Dubai Multi Commodities Centre; EGL USA; Eurostar Diamonds Ltd.; Gem and Jewelry Export and Promotion; Harry Winston, Inc.; International Diamond Manufacturers Association; International Gemological Institute; Israel Diamond Exchange; Israel Diamond Institute; Israel Diamond Manufacturers Association; Jewelers of America; Jewelers Vigilance Committee; Leviev Group of Companies; London Diamond Bourse; Manufacturing Jewelers and Suppliers of America; Ministry of Mines (Namibia); Namdeb Diamond Corporation; Rapaport Corporation; Rio Tinto Diamonds; Rosy Blue; Shanghai Diamond Exchange Co. Ltd.; South African Diamond Board; Signet Group plc/Sterling Jewelers Inc.; Tacy Diamond Consultants; Tiffany & Co.; Union Bank of Israel; United Association of South Africa; World Federation of Diamond Bourses; Zale Corporation.

The board of officers and directors includes:

Eli Izhakoff, Chairman and CEO of the World Diamond Council, Lifetime Honorary President of the World Federation of Diamond Bourses
Ernie Blom, President of the World Federation of Diamond Bourses
Jeff Fischer, President of International Diamond Manufacturers Association
Sergey Oulin, President of Diamond Chamber of Russia and Vice President of Alrosa
Shmuel Schnitzer, Lifetime Honorary President of World Federation of Diamond Bourses
Stephane Fischler, Secretary General of International Diamond Manufacturers Association
Moti Besser, General Manager of Israel Diamond Manufacturers Association
Gaetano Cavalieri, President of CIBJO
Cecilia Gardner, President and Chief Executive Officer and General Counsel of Jewelers Vigilance Committee
Abbey Chikane, Chairman of the South African Diamond Board
Rory More O'Ferrall, Director of Corporate Affairs of De Beers Group
Matt Runci, President and CEO of Jewelers of America


http://staging.diamondfacts.org/conflict/eliminating_conflict_diamonds.html



Strengthening Industry Safeguards

At the November 2006 Kimberley Process review meeting held in Gaborone, Botswana, 71 nations, non-governmental organizations, including Global Witness and Partnership Africa Canada, and the World Diamond Council met and came to agreement on several important measures designed to strengthen the Kimberley Process. These included:
Adoption of 46 recommendations by the working group to strengthen the Kimberely Process.
Publishing of global diamond statistics to track diamond movements.
Setting up a working group to review the issues and solutions associated with informal alluvial mining.
Addressing the serious issues in Ghana over the next three months or suspension from the Kimberley Process will be necessary.
Providing customs offices with information and identification methods for the geographic origin of rough diamonds.
Providing technical assistance for the government of previously war-torn countries.
Accepting New Zealand and Bangladesh into the Kimberely approved countries bringing the total number of participating nations to 71.

And just for your KNOWLEDGE, the Company(s) are not required to show you or I any certificate unless you are the purchaser. When you buy a retail stone in the public, you can request certification through them or get a appraised value.