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A member organization, diamond traders seeking to join the Antwerpsche Diamantkring must demonstrate their probity and good reputation.
Every candidate must provide a complete application form and all necessary documents. The prospective new member is first interviewed by 2 Board members of the Antwerpsche Diamantkring after which the application is discussed and voted by the full Board. Membership of the Antwerpsche Diamantkring provides a comprehensive set of rights and privileges to the international diamond community.
Banks, mining companies and other facilitators request their corporate diamond account holders to be a member of an Antwerp diamond Bourse.
MEMBER RIGHTS & BENEFITS.
Membership of the Antwerpsche Diamantkring is contingent upon the approval of the Board of Directors of the Antwerpsche Diamantkring.
The right – to buy and sell diamonds and jewelry
The possibility – to rent a safe in the large and secure safe deposit facility.
Easily buy and sell diamonds – to Bourse members who are known and respected in the jewelry industry.
Network – with leading diamond dealers, brokers, jewelry manufacturers and leading industry stakeholders.
The right to state your membership – of the Antwerpsche Diamantkring on your stationary, website and other communication channels.
In the event of a business dispute – the right to have the matter resolved quickly and cost-effectively through the mediation and arbitration system.
Access to information – about suspension, expulsion and other disciplinary sanctions and information about possible harmful business activities.
Automatic affiliation – to the World Federation of Diamond Bourses, with rights to enter any of the 29 bourses worldwide.
Business development, educational and professional enrichment programs
Opportunity to attend seminars and access to trade education classes.
Opportunity to participate at the Antwerp Rough Diamond Days or other local trade fairs.
Opportunity to participate in Bourse international trade fairs.
Free admission to guest speaker’s meetings.
Antwerpsche Diamantkring Facilities
Use of print, copy and scan facilities with help of qualified staff.
Use of trading hall computers for the member’s own private use.
Use of postal services.
The possibility to rent a safe in the large and secure safe deposit facility.
Use of diamond scales and official weighing services.
Access to fluorescence detection equipment.
Use of the M-screen synthetic and CVD testing machine.
Use of D screen for identification of synthetic and HPHT treated diamonds.
Use of paper shredder.
Option to rent a locker to store personal items.
Use of the Antwerpse Diamantkring lounge where you can find a large selection of national and international newspapers.
Free coffee and tea available in the Antwerpsche Diamantkring lounge.
Free TV BBC World.
Permanent dollar rate display.
Voting rights for shareholders
The right to attend general meetings of the Antwerpsche Diamantkring.
The right to vote at the general meetings and elections of the Antwerpsche Diamantkring.
The right to be a candidate at elections for the Board of Directors of the Antwerpsche Diamantkring.
DISPUTE RESOLUTION SYSTEM.
A key service provided by a diamond exchange is dispute resolution. The Antwerpsche Diamantkring has a well-established mediation and arbitration system in place that is fully integrated into both the national Federation of Belgian Diamond Bourses dispute resolution mechanism and that of the international World Federation of Diamond Bourses.
The original idea behind internal dispute resolution at the Diamond Bourses was to provide members with an efficient and rapid legal service that would help process the resolution of disputes either through mediation or arbitration.
Dispute cases are in first instance handed to the secretariat of the Antwerpsche Diamantkring. Both parties are summoned to appear in a hearing. The dispute is heard by 2 members of the Board of Directors of the Antwerpsche Diamantkring, functioning as mediators. The mediators will hear both sides of the dispute and will attempt to resolve differences through mutual agreement of both parties by using the mediators’experience and business acumen as diamantaires.
In cases when the mediation attempt is unsuccessful the parties will be given leave to select to go to arbitration, which is a fully fledged legal process and is conducted under the authority of the Belgian Federation of Diamond Bourses. In disputes with an international perspective, the arbitration can be conducted under the authority of the World Federation of Diamond Bourses and their set of by-laws and inner rules.
In both cases, mediation and arbitration, the process managed by diamond professionals, tends to be faster, cost-effective and better adjusted to the specific trading conditions of the diamond trade compared to the litigation in court, thereby rendering a valuable service to the diamond market. The dispute resolution systems and authority of the Antwerp diamond exchanges are recognized by the Belgian courts.