Responsible sourcing - Conflict free diamond policy:

Reliance Diamonds DMCC acknowledges the fundamental principles outlined in the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas. The primary aim is to uphold human rights and prevent any involvement in conflict through the mineral supply chain.

We have implemented a zero-tolerance policy concerning Conflict diamonds at Reliance Diamonds DMCC. Our diamond sourcing is exclusively through suppliers who uphold and enforce Kimberley Process standards rigorously. These suppliers exhibit a robust protocol for their diamond supply chain, capable of tracing diamonds back to their origins. Our management system is stringent, ensuring compliance with the policy, including the identification and assessment of risks within the supply chain. We have established a robust strategy to promptly address any identified risks. If any suppliers were found to be in violation of these processes, we would immediately terminate our relationship with them.

We at Reliance Diamonds DMCC are deeply committed to the responsible sourcing of our diamonds, and we expect the same level of commitment from our suppliers worldwide. Our ongoing efforts are dedicated to ensuring that our customers, suppliers, employees, and all stakeholders are assured of our respect for human rights. Through rigorous risk assessments, we diligently identify our suppliers, thereby minimizing risks.

Our dedication to upholding the highest standards in the diamond trade is unwavering. We steadfastly adhere to the guidelines established by the OECD and fully embrace the system of warranties outlined by the World Diamond Council. Recognizing that diamond sourcing encompasses more than just avoiding conflict, we actively implement policies to promote fair trade practices.

What are Conflict Diamonds?

The United Nations defines conflict diamonds as "Diamonds that originate from areas controlled by forces or factions opposed to legitimate and internationally recognized governments, and are used to fund military action in opposition to those governments, or in contravention of the decisions of the Security Council."

Kimberley Process:

To address conflict diamonds and establish standardized mining practices, the international community implemented a policy in 2000 known as the Kimberley Proces.

TWe endorse the Kimberley Process, an international initiative for diamond tracking. We exclusively engage with trusted suppliers who prioritize conflict-free sourcing and ethical business conduct.

The OECD Due Diligence Guidance for Ethical Supply Chains of Minerals from Conflict-Affected and High-Risk Regions: - rephrase it and substitute all instances of 'Starlite Diamonds' with 'Reliance Diamonds DMCC'

The Due Diligence Guidance for minerals can be applied by any company that may consider sourcing minerals or metals from conflict-affected and high-risk areas. Its aim is to promote transparent, conflict-free supply chains and encourage sustainable corporate involvement in the minerals sector.