Menu Click here
website logo
Sign In| Sign Up
back back
Diamond trading
Search for Diamonds Manage Listings IDEX Onsite
diamond prices
Real Time Prices Diamond Index Price Report
news & research
Newsroom IDEX Research Memo Search News & Archives RSS Feeds
back back
Diamond trading
Search for Diamonds Manage Listings IDEX Onsite
diamond prices
Real Time Prices Diamond Index Price Report
news & research
Newsroom IDEX Research Memo Search News & Archives RSS Feeds
back back
MY IDEX
My Bids & Asks My Purchases My Sales Manage Listings IDEX Onsite Company Information Branches Information Personal Information
Logout
Newsroom Full Article

Gemfair to create more opportunities for artisanal miners in Sierra Leone

April 24, 19 by Staff Writer

GemFair, a pilot project developed by De Beers Group, that aims to create a secure and transparent route to market for ethically sourced artisinal and small-scale mined (ASM) diamonds, is scaling up its operations in Sierra Leone to give more miners the opportunity to benefit from the opportunities the program offers.

The GemFair pilot provides ASM diamond miners with access to De Beers Group’s industry leading distribution channel, while seeking to improve ethical standards, working conditions and value for miners within the sector. GemFair has partnered with the Diamond Development Initiative (DDI), an NGO that has been instrumental in helping to formalize the diamond ASM sector in Africa.

Following the launch of the pilot, where GemFair worked with 16 mine sites in Sierra Leone, the pilot has been extended in the past six months to work with a further 38 sites and widen its impact. To incentivize mine owners to work with GemFair, a membership model has been introduced, whereby mine sites that meet a strict set of core requirements, aligned with the OECD’s Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, and pass due diligence checks, can join the program and sell diamonds to GemFair. Miners then work with DDI towards achieving full Maendeleo Diamond Standardsâ„¢ (MDS) certification, within a one-year time frame. 

Since the pilot launched in April 2018, GemFair has seen significant progress across its operations, opening offices in both Koidu and Freetown, and developing a set of publicly available ASM standards to ensure a best practice approach for responsible sourcing. The GemFair standards complement the Maendeleo Diamond Standards, which include standards relating to social, environmental and labor risks within the sector.

 

Diamond Index
Related Articles

De Beers: Pilot Program on Artisanal And Small-Scale Diamond Mining

April 18, 18 by Albert Robinson

Read More...

Feriel Zerouki to receive 2019 IAC Award for Leadership in Responsible Practice in Jewelry

March 31, 19 by Ya'akov Almor

Read More...

Newsletter

The Newsletter offers a quick summary of the past week's industry news and full articles.
Our Services About IDEX Privacy & Security Terms & Conditions Sign-Up Advertise on IDEX Industry Links Contact Us
IDEX on Facebook IDEX on LinkedIn IDEX on Twitter