DCA Ethical Sourcing & Chain of Custody 2

Question 1

What does the term 'chain of custody' mean in the diamond trade?

Accepted Answer

A documented trail tracking a diamond from mine to retail sale

Answer

Chain of custody refers to the documented sequence of possession that tracks a diamond from its point of origin through every stage to the final sale.

Question 2

Which international body administers the Kimberley Process Certification Scheme?

Accepted Answer

A tripartite body of governments, industry, and civil society

Answer

The KPCS is administered by a tripartite structure comprising governments, the diamond industry (represented by the World Diamond Council), and civil society organizations.

Question 3

A retailer receives diamonds with a warranty statement attached to the invoice. What does this warranty primarily confirm?

Accepted Answer

The diamonds are conflict-free to the best of the seller's knowledge

Answer

The System of Warranties uses invoice declarations to confirm that diamonds are conflict-free based on personal warranties from the seller.

Question 4

Which practice helps a jewelry retailer verify that their diamond suppliers comply with the Kimberley Process?

Accepted Answer

Conducting supplier audits and requesting KP compliance documentation

Answer

Retailers should audit suppliers and request documentation showing adherence to KPCS requirements as part of due diligence.

Question 5

The term 'conflict diamond' as defined by the Kimberley Process refers specifically to diamonds used to fund:

Accepted Answer

Rebel movements seeking to undermine legitimate governments

Answer

The KP defines conflict diamonds as rough diamonds used by rebel movements to finance wars against legitimate governments.

(DCA) Certified Diamond Council of America Diamond Specialist Practice Test

(DCA) Certified Diamond Council of America Diamond Specialist Practice Test

DCA Ethical Sourcing & Chain of Custody 2