| Description | Transfair USA, with funding from the Tiffany Foundation, commissioned the present study to assess the feasibility and desirability of developing a Fair Trade Standard and Certification system for diamonds. This is born of momentum in the diamond industry to address not just the issue of conflict diamonds, but development issues too. The goal of Fair Trade is to ‘empower farmers and workers to lift themselves out of poverty by investing in their farms and communities, protecting the environment, and developing the business skills necessary to compete in the global marketplace’. Fair Trade Principles include a fair price, fair labour conditions, direct trade, democratic and transparent organisations, community development and environmental sustainability. The report’s aim is to assess whether and how Fair Trade certification could deliver on this goal and these principles within the diamond industry. (See also www.transfairusa.org) |