U.S. KIMBERLEY PROCESS AUTHORITY FORMED

At a meeting at the Diamond Dealers Club of New York on the 8th of January 2003, held under the auspices of the World Diamond Council, leaders of the United States diamond industry agreed unanimously to create the U.S. Kimberley Process Authority to act as the single issuing authority for rough diamond export certificates as required by the international Kimberley Process Certification Scheme.

Members of the Authority will be Judge S. Herman Klarsfeld, General Counsel to the New York Diamond Dealers Club; Cecilia L. Gardner, General Counsel to the Jewelers Vigilance Committee; Matthew A. Runci (Chair), President /CEO of Jewelers of America.