The key aspects of diamond trading ethics followed strictly by Edelsteninen Company aim to ensure responsible sourcing, transparency, and sustainability throughout the diamond supply chain, from mining to retail.

Here are our key aspects of diamond trading ethics followed strictly by our team:

  1. Conflict-Free Diamonds: One of the most significant ethical concerns in the diamond industry is the trade of conflict diamonds, also known as blood diamonds. Conflict diamonds are mined in war zones and sold to finance armed conflict against governments. Ethical diamond trading involves adhering to the Kimberley Process Certification Scheme, which is an international initiative designed to prevent the trade of conflict diamonds.
  2. Responsible Sourcing: Edelsteninen strive to source diamonds from reputable suppliers who follow ethical and sustainable practices. This includes supporting responsible mining operations that prioritize environmental protection, workers’ safety, fair labor practices, and community development.
  3. Transparent Supply Chain: Transparency is crucial in the diamond industry to ensure that diamonds are sourced, processed, and traded ethically. Edelsteninen maintain a transparent supply chain by accurately documenting the origins, certifications, and characteristics of the diamonds they trade. This transparency allows for traceability and verification of ethical practices.
  4. Compliance with Regulations: Edelsteninen adhere to local and international regulations governing the diamond industry. These regulations may include labor laws, environmental regulations, and anti-money laundering measures. Compliance ensures that trading practices are legal and ethical.
  5. Ethical Business Relationships: Edelsteninen promote fair and ethical business relationships with their partners, suppliers, and customers. This includes fair pricing, honest communication, and respecting the rights and interests of all parties involved.
  6. Sustainability and Social Responsibility: Edelsteninen encompasses a commitment to sustainable business practices that minimize the industry’s environmental footprint and contribute to social development in diamond-producing regions. This may involve supporting local communities, investing in education and healthcare, and promoting responsible land reclamation and conservation.

By following these ethical principles, Edelsteninen as aDiamond trading company contribute to the integrity and reputation of the diamond industry while ensuring that the diamonds they trade have been sourced and processed responsibly accordinaly to various organizations and initiatives, such as the Responsible Jewellery Council (RJC) and the World Diamond Council (WDC)and Antwerp world Diamond Council (AWDC).