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System of Warranties updates

What is the System of Warranties?

The System of Warranties (SoW) is a warranty statement added to B2B invoices or memos that needs to be applied every time a rough or polished diamond changes hands, both loose and set in jewellery It assures the buyer that the diamond originates from a source, compliant with the Kimberley Process Certification Scheme (KPCS) and the universally accepted principles on human and labour rights, anticorruption and anti-money laundering issues.

Updating your B2B invoices and memos

Old text of Warranty

"The Diamonds herein invoiced have been purchased from legitimate sources not involved in the funding of conflict and in conformance with United Nations resolutions. The seller hereby guarantees that these Diamonds are conflict free, based on personal knowledge and/or written guarantees provided by the Supplier of these Diamonds.”

New text of Warranty

"The diamonds herein invoiced have been {sourced}* purchased from legitimate sources not involved in funding conflict, in compliance with United Nations Resolutions and corresponding national laws {where the invoice is generated}**. The seller hereby guarantees that these diamonds are conflict free and confirms adherence to the WDC SoW Guidelines.”

What is the new System of Warranties improvements?

Old WDC SoW New WDC SoW
Printed Warranty Statement Yes Yes
Usage Guidelines No WDC SoW Guidelines 2018
Compliance Self Assessment No
Limitation to abstract support of the KP 		Yes
Self Assessment as a key element of SoW implementation
Scope KPCS, Industry Self-Regulation KPCS, Industry Self-Regulation + universal standards on human rights, labor rights, AML/CTF and anti- corruption practices
Cross-recognition with Industry standards No Yes + OECD awareness

How do I implement?

  • 1

    Download and go through the SoW Warranties Guidelines

  • 2

    Register on the SoW website (create an account)

  • 3

    Complete the SoW Self Assessment

  • 4

    Download and maintain a pdf version of your submission

  • 5

    Use the SoW warranty Statement on all invoices and memo documents

  • 6

    Record and maintain records of all warranty statements issued and received

  • 7

    Update online registration and repeat self assessment on an annual basis

Read and download the full System of Warranties guidelines

DOWNLOAD GUIDELINES

If you have any queries, please reach out to dde.info@dmcc.ae