SoW entered the beta-testing phase: WDC
The official launch scheduled during the 1Q 2021 The World Diamond Council (WDC) said the new System of Warranties (SoW) has entered the beta-testing phase, comprising a soft launch of the process, with the participation of a representative sample of companies from across the diamond supply chain. It is the ultimate stage of an extensive review that will conclude at the end of the calendar year. This will allow for final adjustments and fine-tuning taking place before the official launch, which is scheduled to occur during the first quarter of 2021. 200 large, medium and smaller sized companies were selected to participate in the soft launch, with care taken to ensure that the mining sector, rough and polished diamond trading sectors, diamond manufacturers, jewelry manufacturers, wholesalers and retailers were all represented. They were invited to introduce the new system into their own organizations and then review the user experience. Much of the attention is being focu...