NOVEMBER 11, 2019
CIBJO President Gaetano Cavalieri has delivered the keynote address at the International Jewellery Standardisation Summit in Shanghai on November 8, 2019, which was held in parallel with the Second China International Import Expo that is taking place in the city. In his address, he focused on the importance of origin traceability standards for the future of the jewellery sector, focusing specifically on their significance for the growth of the business in China.
The summit was coorganized by the China Gem & Jade Exchange, which recently joined CIBJO as a national association member. It was one a number of conferences being held during the China International Import Expo, in which the Chinese government is seeking to promote the opening of the giant Chinese market to the international trade.
Full traceability is very difficult in the jewellery sector, and is generally limited to a small number of companies that control the full range of production, from the mine through retail, the CIBJO President said. There are also a growing number of technological solutions, many of them using blockchain, where every time a gemstone, jewellery component or full item of jewellery changes hands, the transfer of ownership or custody is recorded.
“These are all exciting developments, but currently they are effective with only a small number of the materials flowing through the chain of distribution,” Dr. Cavalieri said. “Consequently, if we are going to talk about systems that encompass the bulk of materials that we handle, we have to look for administrative solutions. This means creating paper trails, or more appropriately for the world in which the live, digital trails.”