CODE OF CONDUCT
Diamond Prodcers Council LLC
This Code of Conduct defines the principles and standards expected from all members, partners, and stakeholders associated with CODE OF CONDUCT
Diamond Prodcers Council LLC
1. Purpose
This Code of Conduct defines the principles and standards expected from all members, partners, and stakeholders associated with Diamond Prodcers Council LLC ("the Council").
Our mission is to promote integrity, transparency, and responsible practices within the lab-grown diamond industry.
2. Compliance with Laws
All members and stakeholders must comply with all applicable laws and regulations of the United Arab Emirates, including those governing trade, business conduct, and communications.
3. Ethical Business Practices
Members shall conduct their business with honesty, integrity, and fairness.
This includes:
Avoiding deceptive or misleading practices
Acting in good faith in all business dealings
Maintaining professional conduct at all times
4. Transparency and Disclosure
Members must ensure that all claims regarding lab-grown diamonds are accurate, verifiable, and not misleading.
Clear distinction must always be made between:
Lab-grown diamonds
Natural diamonds
Any marketing or communication must reflect this distinction transparently.
5. Consumer Protection
Members shall treat customers fairly and provide clear, accurate, and complete information about products and services.
Any suspicious financial activity must be handled in accordance with regulatory requirements.
7. Conflict of Interest
Members must avoid situations where personal or financial interests conflict with the interests of the Council.
Any potential conflict must be disclosed promptly.
8. Respect and Non-Discrimination
All members shall foster a professional and respectful environment free from discrimination, harassment, or unethical behavior.
9. Confidentiality
Members must protect confidential information obtained through their involvement with the Council and must not disclose such information without proper authorization.
10. Sustainability and Responsibility
Members are encouraged to support sustainable and responsible practices within the lab-grown diamond industry, including environmental and ethical considerations.
11. Breach of the Code
Any violation of this Code of Conduct may result in:
Suspension of membership
Termination of affiliation
Further actions as deemed appropriate by the Council
12. Amendments
Diamond Producrs Council LLC reserves the right to amend this Code of Conduct at any time.
13. Acknowledgment
By engaging with Diamond Producrs Council LLC, members and stakeholders agree to adhere to this Code of Conduct.
© 2026 Diamond Producers LLC. All rights reserved.6. Anti-Money Laundering (AML) and Financial Integrity
Members must adhere to all applicable anti-money laundering (AML) laws and regulations in the UAE.
Any suspicious financial activity must be handled in accordance with regulatory requirements.