Code of Practices Review – Public Consultation Round 3

Frequently Asked Questions

Please click on the + to view the answer to the most frequently asked questions about the Round 3 Public Consultation on due diligence for the diamond supply chain:

 

What is this consultation about?
The RJC is entering the third and final phase of consultation on its Code of Practices (COP) review. It is proposing to move to a model of due diligence for the diamond supply chain which aligns with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas (OECD Guidance). The proposed COP provision was drafted with the input of a technical group of experts from across the diamond industry and the OECD, and the consultation will be overseen by the RJC’s multi-stakeholder Standards Committee.
What is the proposed implementation process?
Companies operating in the diamond value chain will not be required to undergo a full audit against the COP due diligence provision immediately. Audits will be phased in over three years. During the phasing-in, the RJC will develop pilot projects with members to further inform the COP, guidance and tools in relation to implementation of this provision. The updated COP will cover due diligence, not chain of custody or traceability for the entire diamond supply chain.
Are the proposed changes entirely new?
No. The 2013 COP includes similar due diligence requirements, however the proposals being made for the 2019 COP updates are an alignment with OECD Guidance.
What are the potential benefits of these changes?
These changes would align the RJC’s COP with the globally-recognised and comprehensive OECD Guidance, strengthening its standards and providing an additional layer of assurance to member companies. Today’s increasingly conscientious consumers demand that businesses make effort to operate with due diligence. Having an ethical approach to business generates trust regardless of where your business sits in the supply chain.

Responsible practices create a community of confidence between businesses, suppliers and customers. Codified business practices like the RJC’s Code of Practices (COP) and Chain of Custody (CoC) allow companies to demonstrate commitment to responsible business practices by meeting an international, industry-recognised benchmark. From a wider society perspective, the changes will ensure that companies throughout the diamond supply chain do not contribute to instability or conflict, and respect human rights.

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