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Showing posts with the label diamond transparency

Traceability allows openness & transparency

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  Around 90% of Angolan diamonds are now traceable   In the City of Dundo, by the Director of Studies and Projects of Endiama EP, Ady Van-Dúnem, on the sidelines of the second day of the 2025 Semi annual Diamond Balance, which takes place at the Lueji A'nkonde University Campus.   According to Van-Dúnem, this is a key innovation, as consumers demand more information about the positive impact on communities, as well as the origin of the diamonds they purchase. Therefore, the implementation of traceability processes in the national diamond subsector has allowed for greater openness and transparency in the Angolan diamond industry. For the person in charge, the focus on innovation has as its central objectives the leveraging of productivity levels and the reduction of operating costs, the latter of capital importance, in a context such as the current one, in which prices are slowing down.    Ady Van-Dúnem also highlighted Sociedade Mineira do Luele's invest...

Diamond industry must embrace digital innovation

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DMCC’s report on diamond, emphasises traceability & transparency  DMCC has released its latest Future of Trade report, a special edition focused on advancing traceability in the global diamond supply chain. The report outlines six key recommendations! Industry must set its own standards: Industry must preserve the ability to set its own standards when it comes to traceability by setting up a task force of industry experts, the “Expert Group on Traceability and Transparency”, to outline recommendations of minimum viable levels of traceability and transparency by March 2025.  Develop an interactive ledger: Industry must maintain a comprehensive register of available technologies, detailing their capabilities, limitations, unique features and areas of technological and economic viability. Promote a technology-agnostic approach: To fully embrace digital innovation, it is important to maintain a “technology-agnostic” approach to safeguard the dynamic nature of traceability tech...