The Israel Diamond Exchange (IDE) has become the first diamond bourse to initiate an ethical code of conduct.
The code took over two years to complete and was prepared in conjunction with professor Asa Kasher of Tel Aviv University, a noted Israeli philosopher.
The code requires IDE members to:
– Show respect in their business dealings for people regardless of nationality, ethnicity, religion, color, gender, or status.
– Comply with all legal regulations.
– Show mutual responsibility, providing immediate, respectful, and significant aid to any member in need.
– Commit to unqualified trust within the industry.
– Refrain from spreading rumors or attacking other members on social media.
– Strive for excellence and professionalism in business.
The Ethical Code of Conduct comes on the heels of IDE’s announcement that it was appointing a district court judge to rule on large arbitrations and appeals.
(Image courtesy of Israeli Diamond Exchange)