CIBJO President Gaetano Cavalieri has drawn attention to the growing prominence of Latin America in the international jewellery business, and in particular to the role that is being played by Mexico, the region’s most valuable luxury product market. He was participating at a gathering of political and business leaders, as well as jewellers from across the Americas, during the Expo Joya show in Guadalajara, where he was a guest of honour of the Cámara de Joyería y Platería de Jalisco.
CIBJO, the World Jewellery Confederation, has released online its latest Blue Book, delineating acceptable trade practices and nomenclature for the coral industry and trade. The document was compiled by the CIBJO Coral Commission, headed by Commission President Enzo Liverino, under the auspices of CIBJO’s Sector A, which has jurisdiction over gem materials.
With the submission of a report that carefully details the carbon footprint of this year’s CIBJO Congress, which took place in Salvador da Bahia, Brazil, May 4-6, 2015, and the purchase by CIBJO of offsetting carbon credits, the annual gathering of the World Jewellery Confederation is to officially become the first-ever major event in the industry to qualify as carbon neutral.
CIBJO has welcomed the publication of ISO International Standard 18323, entitled “Jewellery — Consumer confidence in the diamond industry,” which specifies a set of permitted descriptors for the diamond industry that are designed to be understood by consumers. The new ruling by the International Standards Organisation explicitly defines a diamond as having been “created by nature” and further notes that “the denomination ‘diamond’ without further specification always implies ‘natural diamond.’”
“Socially responsibility is a way of life. It should never be considered a strategic alternative, which a business may select to increase revenue or to provide itself with a competitive advantage,” said CIBJO President Gaetano Cavalieri, speaking yesterday in Milan to students in the MBA Global Business and Sustainability program at ALTIS – Postgraduate Business & Society, the business school of Università Cattolica del Sacro Cuore, the largest private university in Europe and the largest Catholic University in the world.
Meeting for the first time in formal session after the close of the 2015 CIBJO Congress in Salvador, Brazil, CIBJO’s new Board of Directors has decided to draft practical guidance, based on CIBJO Blue Book recommendations, for the trade and especially retailers, on the standards and systems that should be expected from grading laboratories.
Embrace technology or expect to see your competitors take business away from you, was the message from Sector C Executive Vice President Simon Rainer at the Sector B and C gathering.