As a leading organization in the global diamond industry, IDMA is dedicated to promoting ethical practices that uphold the highest standards of integrity, responsibility, and transparency. Our Code of Ethics serves as a guiding compass for our members, fostering a culture of ethical conduct and ensuring a sustainable and trustworthy diamond trade.
1. Respect for Human Rights: All members should adhere to international human rights standards, avoiding any involvement with forced labor or child labor and promoting equality and diversity in their businesses.
2. Transparent Business Practices: Members should conduct their business openly and honestly, providing full disclosure of product details and pricing and avoiding deceptive or misleading practices.
3. Compliance with Laws: Members must comply with all applicable national and international laws and regulations, including those relating to trade, labor, and environmental protection.
4. Ethical Sourcing: Members should strive to ensure that their diamonds are ethically sourced and traceable, avoiding any diamonds associated with conflict or illegal activities.
5. Respect for the Environment: Members should aim to minimize their environmental impact, implementing sustainable practices and supporting environmental conservation efforts.
6. Fair Competition: Members should compete fairly, respecting the rights and reputations of their competitors and avoiding any activities that could unfairly harm competition.
7. Confidentiality and Privacy: Members should respect the privacy of their customers, employees, and business partners, protecting personal information and complying with data protection laws.
8. Integrity and Professionalism: Members should act with integrity and professionalism at all times, treating others with respect and fairness and striving for excellence in their work.
9. Accountability: Members should accept responsibility for their actions, promptly correcting any mistakes or misunderstandings and taking steps to prevent recurrence.
10. Commitment to Continuous Learning: Members should remain informed about developments in the diamond industry, continuously improving their knowledge and skills and staying abreast of ethical issues and best practices.
The IDMA Code of Ethics is a living document that is regularly reviewed and updated to reflect changes in the organization, industry, and wider society. Members are encouraged to embrace the code and use it as a guide in their professional lives.