Which De Beers program was introduced in 2007 to address criticisms of the original plan?

Prepare for the Diamond and Diamond Grading Exam. Use flashcards and multiple-choice questions, each with detailed explanations and hints. Enhance your understanding and get ready to ace your exam!

Multiple Choice

Which De Beers program was introduced in 2007 to address criticisms of the original plan?

Explanation:
The concept being tested is how De Beers updated its supplier program in response to criticism. In 2007, De Beers rolled out Supplier of Choice 2 as an improved version of the original Supplier of Choice plan. The aim was to address concerns about the first program by making terms more transparent and balanced for suppliers, improving governance and accountability, and reinforcing ethical sourcing while preserving a reliable supply chain. The Kimberley Process is an international certification system for rough diamonds and is not the De Beers internal upgrade introduced in 2007. The other options either refer to the earlier program or to generic concepts, not the specific 2007 update.

The concept being tested is how De Beers updated its supplier program in response to criticism. In 2007, De Beers rolled out Supplier of Choice 2 as an improved version of the original Supplier of Choice plan. The aim was to address concerns about the first program by making terms more transparent and balanced for suppliers, improving governance and accountability, and reinforcing ethical sourcing while preserving a reliable supply chain. The Kimberley Process is an international certification system for rough diamonds and is not the De Beers internal upgrade introduced in 2007. The other options either refer to the earlier program or to generic concepts, not the specific 2007 update.

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