Seven of the world’s leading diamond miners today announced their commitment to form the Diamond Producers Association (DPA).
Founding members – ALROSA, De Beers, Rio Tinto, Dominion Diamond Corporation, Lucara Diamond Corporation, Petra Diamonds and Gem Diamonds will through the association – work together to support the development of the diamond sector.
The DPA is the first ever international representative organisation to be formed by some of the leading diamond producers, with a corporate registration in London, England. It will have an initial minimum annual budget of US$6 million, based on commitments of founding members.
The DPA’s remit will include:
- Maintaining and enhancing consumer demand for and confidence in diamonds including joint category marketing initiatives;
- Providing a reliable source of industry information, including trade and consumer research;
- Acting as the unified voice of the diamond producers, when required and/or appropriate, with industry and non-industry forums/organisations;
- Communicating the role and contribution of diamond producers to the diamond sector and broader society; and
- Sharing best practices in health and safety, licence to operate, supply chain integrity and environment management.
The DPA will play an important and positive role in the diamond sector. It will actively engage with industry and non-industry organisations to promote the interests of the sector. It will operate in compliance with all applicable competition/antitrust laws.
A recruitment process has been initiated to appoint the Executive Director who will be responsible for the operational activity of the DPA and report to the Board. Along with the incorporation of the organisation, the appointment of an Executive Director and of a focused support team, the DPA’s 2015 activity plan includes the commissioning of research as a base to building a targeted activity plan for the next three years.