
Just as the insurance industries are subscribed to ACORD Standards (Association for Cooperative Operations Research and Development) jewelry industry is also sub-classified into different bodies and standards based on its criteria. These standards are most useful from the insurance point of view. There was a need of a standard that could be used throughout United States to evaluate jewelry.



Conflict free diamonds, also known as blood diamond, are the diamonds traded illegally or unlawfully by the rebel, terrorists or military personalities. The countries that are most affected are Liberia, Angola, Sierra Leone and the Republic of Congo. Most of the countries are from Africa, which supplies two third of the world’s diamonds.