We Normally Work Only With Two Sources for Diamonds, for Greater Accountability
- Canadian Diamonds:
“Each and every diamond is monitored and inspected from mine to our cutting facilities to market under a unique government diamond certification program. That’s your guarantee of 100% Canadian origin and quality craftsmanship. All Canadian Diamonds are mined, cut and polished in Canada’s Northwest Territories.
“Additional certification is offered through the Gemprint process. A unique image of each diamond is recorded before it is released. This image is like a fingerprint, because no two diamonds are exactly alike. This image could help to identify lost or stolen pieces that have been recorded in the Gemprint database.
“There are presently two operating diamond mines in the Northwest Territories. The Ekati Diamond Mine opened in 1998 and was the first producing diamond mine in Canada. The Diavik Diamond Mine opened in 2003. Under an arrangement with teh Government of the Northwest Territories, Ekati and Diavik provide a selection of their respective productions to the cutting and polishing facilities in Yellowknife.”
Please speak directly to Mandira about acquiring an engagement ring with a Canadian Polar Bear Diamond. A Candian Diamond will result in a ring that is more expensive than the standard diamond pricing for rings on our website, but many people feel a Canadian Diamond is well worth the extra money.
- Other Conflict-Free, Ethically Mined, Cut and Polished Diamonds
Our main diamond supplier uses diamonds that are guaranteed to be conflict-free and mined, cut and polished under ethical working conditions. These diamonds are either from Canada, Siberia, or South Africa and are only from mines that are controlled by an association of diamond dealers to which ours belongs. The notice, below, was published by our world-class diamond and gemstone supplier. If you do not ask for a Canadian Polar Bear Diamond in your engagement ring, then your diamond will be provided by the company whose document you may read, below.
Please note that due to a contract with our diamond supply house we are not permitted to place their company name on our website. This is not related to their supply of diamonds, nor is it intended to hide the company providing our diamonds. Their rule and practice is that they will remain entirely behind the scenes and they ship under the name of each of their jeweler customers.
For this reason, I have had to disguise certain aspects of the document below.
January 1, 2006
To: Valued Company Customers and Suppliers
RE: USA Patriot Act Compliance, Best Practice Principles Compliance
In 2005 the U.S. Treasury Department, as part of the implementation of the USA Patriot Act, issued final rules requiring dealers in precious metals, precious stones, jewels and covered goods to implement an anti-money laundering program. The effective date of the interim final rule is January 1, 2006 or not later than six months after the date a person becomes a dealer for the purposes of the rule.
Additionally, as a Sightholder of The Diamond Trading Company (DTC), we must abide by certain requirements as set forth in the Diamond Best Practice Principles Assurance Program (BPP), developed by the DTC. BPP was launched by the DTC to require that each link in the pipeline from the mining to the retail sale of diamonds will be completed within the highest professional, ethical, social, environmental and legal standards.
The Company and its affiliates have always been, and will continue to be, committed to conducting business with utmost integrity and ethics. As a part of this ongoing commitment, effective January 1, 2006 The Company has implemented the DTC’s Best Practices Program and the USA Patriot Act’s Anti-Money Laundering Program.
Please find attached all pertinent information related to The Company. This information will be important to you and will satisfy your requirement to know your customer and/or know your supplier under the new legislation.
If you have any questions, please contact Mandira Feldvebel, Crystal Realm at 505-898-1107, toll-free 866-573-7381 or by email at Contact Us.
USA Patriot Act Compliance
Best Practice Principles (BPP) Compliance
Legal Entity: The Company
Date of Incorporation: November 1970
State of Incorporation: Louisiana, USA
Officers: Matthew S_______
Chief Executive Officer/Treasurer
Chief Operating Officer/President/Secretary
Trade and Industry Associations:
American Gem Society (AGS)
American Gem Trade Association (AGTA)
Gemological Institute of America (GIA)
International Colored Gemstone Association (ICA)
Jewelers of America (JA)
Jewelers Board of Trade (JBT)
Jewelers Vigilance Committee (JVC)