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Pearl farming differs from gemstone and mineral mining in that it is a sustainable or renewable activity, and members of pearl grass-roots communities can be expected to remain actively involved in the industry for generations to come. It, therefore, is important that these communities be provided with fair and equitable opportunities to benefit from the pearl farming enterprise, so that they will be incentivized to invest and reinvest in their future and that of the entire pearl industry.
The international jewellery retail community is under threat. Not only do 30,000 worldwide retailers face the daily security challenges of working in a high risk, high value business and bearing the margin implications of escalating raw material prices, they are also faced with the mounting array of audit regulations and the irregularities of traceability to be found in the jewellery supply chain.
In the past ten years, ethical initiatives across all levels and segments of the gold jewellery sector have flourished. The supply chain is a complex one with a proliferation of companies and individuals playing their part in bringing products to market.