DDCA TRADE BENEFITS

There are variety benefits to being a member of a diamond club or bourse.

Trade Benefits

DDCA protects of the diamond trade, by protecting the individual, and the whole industries reputation assuring strict enforcement of the DDCA code of ethics.

DDCA members are under the protection and council of the constitution of the DDCA, and therefore by affiliation the WFDB member bourses world wide.

DDCA members have access to international bourses directly, for trade or protection through the membership for arbitration by the WFDB.

DDCA members by the nature of the high level of standards and ethics are the trusted for their morality and integrity within the Australian diamond trade.

DDCA members are able to promote and use their personal WFDB mark.

Consumer Benefits

DDCA employs very strict guidelines in screening applicants for membership, ensuring that they are knowledgeable, ethical, financially secure and fully insured. Only the leading diamond merchants, dealers and retailers are accepted for membership. 

The DDCA is affiliated to the World Federation of Diamond Bourses (WFDB). The WFDB prescribes rules of conduct internationally for members of affiliated bourses.

The DDCA imposes a strict code of conduct. In addition it provides efficient access to accurate information on the trustworthiness of members and non members.

The DDCA monitors memberís conduct and provides arbitration and disciplinary proceedings, which may be brought against members for breach of conduct or ethics, thus safeguarding the honour and the integrity of the industry and avoiding the costly legal route.

Dealing with a member of the DDCA gives assurance of Reliability, Ethical and Honest Conduct, Accountability in case of Grievances, Expertise and Prestige of Members, due to strict controls and criteria.

1. Members are recognised as ethical and honourable members of the industry.
2. Access to information of soundness and liquidity of potential customers.
3. Enables participation in upholding and maintaining honour, ethics and standards in the local industry.
4. Members obtain representation internationally through the club.
5. Members are entitled to vote, nominate and stand for election to the club committee.
6. Increase consumer confidence in your business and the industry as a whole.
7. Build new business relationships worldwide.
8. Integrate into the international diamond industry.
9. Affiliation to the World Federation of Diamond Bourses means members have access to diamond bourses worldwide.
10. Benefit from harmonisation, promotion of international co-operation and to be involved in issues that concern the trade worldwide.
11. Ability to use the World Fed mark thereby benefiting from worldwide promotion.
12. Access to speedy mediation and arbitration avoiding lengthy and costly litigation.
13. Discounts and preferential rates for trade services.
14. Social forum for members to interact at events and gatherings
15. Consumer confidence and security are extremely important to all the DDCA members. All measures are taken to insure the customerís protection. Through information and direction DDCA members protect the consumer individually as a whole.

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