285:– Established in conjunction with the KPCS, the WDC has established a system of buyer-seller warranties to extend the reach and effectiveness of the KPCS throughout the entire diamond pipeline. LKI trades only with companies that provide such warranties, guaranteeing the conflict-free origin of the diamonds on their invoices. All sales and consignments of LKI diamonds are accompanied by LKI's own warranty statement. This flow of warranties in and warranties out is audited and reconciled on an annual basis by LKI's financial auditors.
139:, first published the mathematical formula for diamonds cut to "ideal" proportions, a formula designed to optimise the brilliance, fire and sparkle in a polished diamond. In the same year, LKI became the first commercial-scale operation to cut its diamonds to ideal proportions. In 1957, LKI developed the modern oval cut, and in 1983 it developed and patented the laser inscription process. In 2002, LKI was awarded a patent, jointly with the
276:, in May 2000, and participated in all subsequent deliberations that led to the January 2003 adoption of the KPCS and its system of controls over rough diamond trading, intended to combat the trade in conflict diamonds. LKI has a zero tolerance policy with regards to conflict diamonds and will not import or export rough diamonds without an accompanying Kimberley Process Certificate of origin.
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program) – LKI subscribes to and is compliant with this program, which was developed to demonstrate to supply chain partners, consumers and other interested stakeholders that the exploration, extraction, sorting, cutting and polishing of diamonds, and the manufacture and sale of diamond jewelry is
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General
Assembly Resolution 55/56 of 2000. The LKI system of controls was instituted before the existence of this UN Resolution, and received special commendation from the UN for its contribution to stemming the flow of conflict diamonds. All of LKI's rough diamond buyers are required to sign and
264:, prevent money laundering, combat the financing of terrorism, and promote transparency, fair dealing and disclosure throughout the diamond pipeline. It is LKI's strict policy to clearly identify its prospective suppliers and its customers before entering into any business transaction.
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LKI was founded in 1903 by Mr Lazare Kaplan. The
Tempelsman Group purchased a controlling interest in LKI in 1984. LKI has been publicly listed since 1972 and remains the only company specialising in diamond manufacturing whose shares are publicly listed on a US stock exchange
306:, the Jewelers Vigilance Committee, the Jewelers Board of Trade, the Diamond Manufacturers and Importers Association, the Jewelers Credit Interchange Group, the Jewelers Security Alliance, the New York Diamond Dealers Club, and the Council for Responsible Jewelry Practices.
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Company, for the high-pressure high-temperature (HPHT) process for improving the color of certain all-natural diamond types. In addition, LKI has secured numerous patents on diamond setting techniques and innovations in displays for loose polished stones and jewelry.
651:
El Taller de Corte y Pulido de
Diamantes: otra joya en la historia de Ponce: La llamada 'Fábrica de Diamantes' era, como el mismo prestigioso mineral con el que trabajaban, algo deslumbrante, único hasta aquel momento, en un Puerto Rico fundamentalmente agrario y
397:– LKI's primary factory in Puerto Rico was the first diamond polishing factory in the world to be certified by SAI for compliance with the highest standard of workplace norms, as measured by SAI's internationally recognized social accountability measuring system (
172:, described as "a notorious diamond dealer who once controlled a third of all trade in diamonds". In 2019, KBC won a motion to dismiss the US case, considered to be a major win for the bank. Litigation in Belgium between KBC and Lazare continued.
168:, the largest bank in Belgium, after defaulting on a $ 45 million loan from KBC in a case about an alleged conspiracy to steal diamonds and money. According to KBC Bank's lawyers, Lazare chairman Maurice Tempelsman was involved, as was
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Resolution adopted by the
General Assembly 55/56. The role of diamonds in fuelling conflict: breaking the link between the illicit transaction of rough diamonds and armed conflict as a contribution to prevention and settlement of
86:. It became the largest diamond cutting and polishing factory in the United States. The company also has manufacturing operations in other parts of the world. It established a joint manufacturing partnership with
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Although primarily based in the United States, LKI also has sales offices in
Belgium, Japan, China and Hong Kong. LKI has operated in Japan since 1973, Southeast Asia since 1987 and Latin America since 1997.
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syndicates and
European insurers for $ 640 million in damages arising from the disappearance of diamonds. The lawsuit alleges that the insurers breached two "all risk" New York property insurance policies.
98:. In addition, it has contract manufacturing operations in China and Thailand. In Africa, LKI has manufacturing facilities in Botswana and a joint manufacturing and technical services agreement with
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LKI supports and implements, within the scope of its influence, a set of core values in the areas of human rights, development, labor standards and environmental sustainability.
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initiated by LKI on 2 April 2019. After ten years of litigation the
Company Court of Antwerp, section Antwerp had not been able to decide on the merits of the case.
401:). The SA8000 standard and verification system provides a credible, comprehensive and efficient measure of humane workplace practices and public responsibility.
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67:, which it sells to upscale retail jewelers throughout the world. Some of these diamonds are distributed loose while others are set in jewelry under the
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LKI has been suspended from trading on the
American Stock Exchange since September 2009 and has not filed quarterly or annual reports with the
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A summary of the complex case involving LKI and KBC Bank was included in a 2020 KBC Base
Prospectus, up to proceedings pending before the
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302:– LKI and its officers are members of a wide variety of diamond and jewelry industry associations including, but not limited to, the
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undertaken in a professionally, ethically, socially and environmentally friendly and accountable way.
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brand. LKI distributes its products through over 1,500 retail partners and customers in 29 countries.
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abide by a written code of ethical diamond trading conduct as a condition of continued employment.
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since 1946. In 1985, it became the first company to launch a branded diamond (the
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LKI's main business activity is cutting and polishing "ideal-cut" and "fine make"
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461:"Orrick Litigation Team Wins $ 1.5 Billion Second Circuit Appeal for KBC Bank"
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291:– LKI follows a policy of zero tolerance for conflict diamonds as defined by
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LKI supports (and has helped develop) policies that prohibit the trade in
90:(the Russian government-owned mining company), with cutting facilities in
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José Enrique Ayoroa
Santaliz. La Perla del Sur. 29 December 2020.
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Description of LKI in the DTC Directory of Sightholders:
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440:"The Downside of Net/Net Investing- Lazare Kaplan (LKI)"
535:(Report). United Nations. 29 January 2001. A/RES/55/56.
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author is CFA, Editor, and holder of a position in LKI
359:, and by adding encyclopedic content written from a
228:, and by adding encyclopedic content written from a
547:"De Beers Group - Diamond Best Practice Principles"
162:Racketeer Influenced and Corrupt Organizations Act
33:manufacturing and distribution company based in
407:– In 2000, LKI became a founding member of the
135:In 1919, Lazare Kaplan's cousin, mathematician
484:. KBC Group. 18 February 2020. pp. 54–57.
100:NamGem Diamond Manufacturing Company (Pty) Ltd
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572:"Social Accountability International - Home"
479:"KBC Bank Warrant Programme Base Prospectus"
417:– LKI endorses and subscribes to the Global
152:On May 17, 2010, Lazare Kaplan sued various
37:. The Chairman of the Board of Directors is
674:Manufacturing companies established in 1903
310:Best Practice Principles Assurance Program
19:"LKI" redirects here. For other uses, see
395:Social Accountability International (SAI)
379:Learn how and when to remove this message
248:Learn how and when to remove this message
160:In 2011, Lazare filed a US$ 1.5 billion
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184:U.S. Securities and Exchange Commission
340:contains content that is written like
269:Kimberley Process Certification Scheme
209:contains content that is written like
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289:Zero tolerance for conflict diamonds
115:; stock symbol: LKI). It has been a
164:(RICO) complaint in the US against
78:LKI's first factory was located in
694:1903 establishments in Puerto Rico
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669:Companies based in New York City
438:Jonathan Heller (10 June 2010).
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148:Missing diamonds and litigation
41:. The first LKI was located in
590:"Homepage - UN Global Compact"
321:Corporate citizenship policies
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409:United Nations Global Compact
608:"Global Sullivan Principles"
496:"The Kimberley Process (KP)"
444:stocksbelowncav.blogspot.com
300:Trade association membership
27:Lazare Kaplan International
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415:Global Sullivan Principles
177:Belgian Court of Cassation
48:el Barrio de los Diamantes
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514:"WORLDDIAMONDCOUNCIL.COM"
283:Industry Self-Regulation
186:(SEC) since early 2009.
16:American diamond company
518:worlddiamondcouncil.com
314:Diamond Trading Company
274:Kimberley, South Africa
117:Diamond Trading Company
113:American Stock Exchange
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361:neutral point of view
281:World Diamond Council
230:neutral point of view
500:kimberleyprocess.com
304:American Gem Society
131:Technical innovation
21:LKI (disambiguation)
689:Jewellery companies
594:unglobalcompact.org
467:. 19 November 2019.
419:Sullivan Principles
353:promotional content
222:promotional content
59:Business activities
53:Caguas, Puerto Rico
355:and inappropriate
224:and inappropriate
43:Ponce, Puerto Rico
39:Maurice Tempelsman
405:UN Global Compact
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262:conflict diamonds
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190:Ethical standards
154:Lloyd's of London
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638:Official website
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137:Marcel Tolkowsky
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29:Inc. (LKI) is a
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125:Lazare Diamond
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55:in the 1970s.
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102:in Namibia.
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576:sa-intl.org
121:Sightholder
84:Puerto Rico
663:Categories
652:campesino.
618:2007-05-14
557:2007-05-14
465:orrick.com
425:References
349:improve it
218:improve it
533:conflicts
166:KBC Bank
65:diamonds
96:Barnaul
31:diamond
399:SA8000
119:(DTC)
92:Moscow
88:Alrosa
482:(PDF)
80:Ponce
45:, at
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