Supply Chain Due Diligence in the Diamond Industry
AWDC's top priority is to promote a transparent and sustainable diamond industry. As a leading diamond trade center, Antwerp upholds the highest standards of integrity, quality, and trustworthiness. We place great importance on supply chain due diligence and are committed to helping Antwerp diamond traders recognize the risks within the value chain while addressing the practical compliance and sustainability challenges they face in their daily operations.
To empower traders, we have created practical, user-friendly guidance tailored to help them navigate complex regulations and ensure full compliance with current industry standards.
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Supply Chain Due Dilligence Guidance Documents
What does Supply Chain Due Dilligence in the Diamond Industry Mean?
Supply chain due diligence is a critical process for ensuring ethical and sustainable practices, especially in industries like diamonds, where provenance and transparency are paramount. It involves thoroughly assessing each stage of the supply chain—such as sourcing, manufacturing, and logistics—to address ethical, human rights, labor, and environmental risks. This scrutiny helps identify potential issues, ensure compliance with regulations, and enhance transparency and accountability across the value chain.
For the diamond industry, due diligence is not just about meeting regulatory requirements; it’s about maintaining trust and integrity by preventing adverse impacts tied to conflict diamonds, labor practices, or environmental concerns.
Effective due diligence strategies include conducting comprehensive risk assessments, tailoring approaches to specific supply chain dynamics, and mapping potential adverse impacts to business operations.
Ultimately, due diligence is a dynamic, ongoing process that adapts to evolving risks and industry developments, ensuring that diamond traders and other businesses remain proactive in safeguarding their supply chains and meeting the highest ethical standards.
To help diamond traders navigate complex regulations and being compliant, we have developed different guidance documents:
- The Antwerp Diamond Industry Supply Chain Policy.
This document is a practical tool designed to help diamond traders create a tailored due diligence policy for their business. The ready-to-use template allows you to easily insert key company-specific information, saving time and effort.
The template outlines the essential due diligence measures you should implement to actively monitor and manage supply chain risks effectively. Once completed, this policy can be published on your website and shared with clients and suppliers, demonstrating your commitment to transparency, ethical practices, and supply chain accountability.
- The Supply Chain Implementation Guide.
It’s essential to align your actions with the commitments outlined in your supply chain policy. This document provides clear and practical steps to help you effectively put your policy into practice and ensure it translates into meaningful action.
- Sustainability Risk Assessment.
Diamond mining, polishing, and trading play a vital role in creating opportunities for countries, businesses, and workers. However, the industry also faces significant sustainability challenges that require attention. As expectations grow for diamond companies to address these risks, this document is meant to support this process, by providing an overview of key sustainability risks throughout the diamond supply chain.