Palak Diam adheres to a zero-tolerance policy in regards to conflict diamonds.
We support the Kimberley Process Certification Scheme™ (KPCS), created in 2003 by governments, non-governmental organizations and the diamond industry to eradicate 'conflict' diamonds – rough diamonds used by rebel movements to undermine and finance wars against legitimate governments. The Kimberley Process is a joint governments, industry and civil society initiative to stem the flow of conflict diamonds. We also fully support the Clean Diamond Trade Act of 2003 which provided a framework for building a global diamond market that is today over 99% certified to be from conflict-free sources.
In the past, the legitimate supply chain was most vulnerable to exploitation between the time diamonds were mined in African combat zones and the time they were exported from the country of origin. Under KPCS, that problem is addressed as rough diamonds are packaged with a certificate of origin soon after they are mined. At later stages of the diamonds' journey to market, rough diamonds also carry a certificate describing the shipment's contents and confirm that the stones came from a Kimberley Process participant. Any country declining to participate is effectively barred from the international diamond trade.
The KPCS also requires that each shipment of rough diamonds be in a tamper-resistant container and accompanied by a certificate of origin. Each certificate is uniquely numbered and contains information detailing the shipment's contents. Participating countries have pledged to turn back or impound shipments of rough diamonds from any nation that fails to subscribe to these standards. Shipments lacking in proper certification are also subject to being confiscated.
We applaud the process of tracking diamonds from mine to market in an exhaustive on-going effort to prevent the trade of blood diamonds. Therefore, at Palak we exclusively purchase our rough diamonds through steadfast and respectful suppliers who also enforce the standards established and upheld by the Kimberly Process.
Palak Diam has further taken measures against the conflict diamond trade by developing a conflict diamond compliance program, which requires our diamond suppliers to provide proof of warranty from their sources of diamond merchandise.
As part of our commitment to ethical and humane mining, we guarantee all diamonds purchased from Palak Diam to be 'conflict-free'. This is guaranteed in writing on each invoice in the following manner:
"The diamonds herein invoiced have been purchased from legitimate sources not involved in funding conflict and in compliance with United Nations Resolutions. The undersigned hereby guarantees that these diamonds are conflict-free, based on personal knowledge and/or written guarantees provided by the supplier of these diamonds."