ABOUT DDCA

The World Federation of Diamond Bourses (WFDB) accepted the DDCA as the 29 diamond bourse in 2008. The DDCA is the representative diamond bourse to the WFDB for Australia the last continent to be included into the WFDB.

Trading activities in diamonds are regulated by the industry itself in the form of diamond institutions, exchanges and bourses. Where a merchant, if to be respected, and trusted must be a member of the bourse or club. The DDCA is the affiliated WFDB member for Australia and all members, belonging to the DDCA are the guarantors on ethics, morality and integrity within the Australian diamond trade.

Founded in 2007, the DDCA has members whose activities range from merchants to dealers, from manufacturers to brokers, all regulated and obliged to adhere to a very strict code of conduct established and regulated by the members themselves and set out in the constitution.

This ensures very high standards of ethics and offers buyers the guarantee that business will be conducted in an atmosphere of integrity and fair play.

So as to abide by ethical business practices, members of WFDB-affiliated bourses are required to:

1. Exhibit professional knowledge and skills;
2. Treat colleagues with respect;
3. Describe diamonds and other gemstones and jewellery accurately and fairly;
4. Take all the necessary measures, required and voluntary, in order to avoid trading in conflict diamonds, including the implementation the commitments and undertakings of the diamond industry as part of the Kimberley Process;
5. Disclose all treatments of diamonds and other gemstones;
6. Disclose whether a diamond or any other gemstone is synthetic;
7. Observe fair labour practices;
8. Provide employees with a safe and healthy work environment;
9. Endorse and practice human rights and morality in society.

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