World Diamond Council Proposes ‘Conflict’ Law

The World Diamond Council has put its stamp on proposed legislation in the United States that would bar conflict diamonds from entering the country and serve as a model for similar legislation in other diamond-consuming countries. The WDC action, taken at its second full meeting Jan. 17 and 18 in London, is not binding but does represent the diamond industry's primary policy initiatives on the issue. The WDC plans to work with industry-friendly members of Congress to introduce the legislation-which was prepared by Washington law firm Akin, Gump, Strauss, Hauer & Feld-during this session of Congress. The bill serves two purposes: to have the United States, "the world's leading diamond consuming nation, lead by example"; and to replace an earlier bill, sponsored by Rep. Tony Hall (D-Ohio), that would have required retailers to certify the origin of virtually every diamond they sold.
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