With fewer than nine weeks to go to the opening of the 2019 CIBJO Congress in Manama, Bahrain, on November 18, 2019, the second of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Responsible Sourcing Commission, headed by Philip Olden, the report provides an overview of the first Responsible Sourcing Blue Book, which was approved in January of this year. It defines a universally agreed-to set of recommended responsible sourcing principles, which can be applied by all members of the greater jewellery industry.
“CIBJO has steadfastly stated that no ethical member or company in the jewellery business should be denied the opportunity to participate because, at any particular point in time, it lacks the financial capacity to meet the demands of a compliance system. At the same time, CIBJO does not accept the contention that a company with limited financial resources should be exempt from conducting any form of responsible sourcing due diligence,” writes Mr. Olden.
“The Responsible Sourcing Blue Book indicates what initial steps can be taken at minimal expense and effort, and proposes a programme of continual improvement, which companies can apply at their own pace,” Mr. Olden adds. The system suggested is based on the OECD’s Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.
The special report also outlines a programme that CIBJO’ Responsible Sourcing Commission has initiated with the Coloured Gemstone Working Group, facilitated by The Dragonfly Initiative, involving the creation of an online toolkit that will provide supporting documentation to help companies address the Responsible Sourcing Blue Book guidance. It will be presented at the upcoming CIBJO Congress in Bahrain, and subsequently will be made available to the industry at no cost.
To download a full copy of the CIBJO Responsible Sourcing Commission’s special report, PLEASE CLICK HERE.
CIBJO releases Responsible Sourcing Special Report, describes principles applicable to all members of industrySteven Benson2019-09-18T15:44:58+00:00
With fewer than 10 weeks to go to the opening of the 2019 CIBJO Congress in Manama, Bahrain, on November 18, 2019, the first of the CIBJO commissions’ Special Reports has been released. Prepared by the CIBJO Marketing & Education Commission, headed by Jonathan Kendall, the report returns to what has been defined as the next great jewellery-consuming group, Generation Z, providing a breakdown of what the industry needs to consider if it is to ensure that jewellery remains a favoured purchase.
Generation Z refers to young consumers, who currently are 15 to 25 years of age.
“Gen Z is coming to our markets very soon if it has not already arrived in reality,” writes Mr. Kendall. “Its members are forecast to spend a whopping $143 billion this year alone. So we better get them on our side if we want to enjoy a rosy future. In fact, the future success of the jewellery industry will depend on our understanding the needs and wants of Generation Z. Get this right and we can all look forward to strong profitable years moving forward. Get it wrong and we could be destined for the scrap heap – not overnight maybe, but ultimately.”
Communicating predominantly via the social media, studies show that Generation Z is more environmentally conscious and gender neutral than any generation that preceded it. It celebrates authenticity, diversity and human imperfection. It is more likely to heed the advice of a friend, rather than a celebrity.
“Gen Z is prepared to splurge but it must be worth it. The more added value the better, and that can come from its environmental credential or its social value,” notes Mr. Kendall.
To download a full copy of the CIBJO Market & Education Commission’s special report, PLEASE CLICK HERE.
CIBJO releases Marketing & Education Special Report, analyzes next great jewellery-buying generationSteven Benson2019-09-11T12:34:04+00:00
ABOVE: Erik Jens, Vice President of CIBJO’s Responsible Sourcing Commission and the seminar moderator, presenting the panel (from left): Michillay Brown, Tracr; Assheton Stuart Carter, The Dragonfly Initiative; Daniel Nyfeler; Gübelin Gem Lab; Konstantin Born, GemFair; Francesca Marino, CIBJO; and Mark Hanna, Richline Group.
SEPTEMBER 10, 2019
With members of the jewellery and gemstone sectors under growing pressure to actively demonstrate that they are conducting their businesses in a sustainable manner, including verifying that the items they purchase, process and sell have been sourced responsibly, a range of technological solutions are currently being developed to help them comply with the due diligence requirements. These came under the spotlight during a seminar on September 9, 2019, at the VICENZAORO show in Vicenza, Italy, organized by CIBJO and hosted by the Italian Exhibition Group (IEG).
The seminar was the latest edition in a series of educational programmes organized by the two bodies, which is endorsed by the United Nations Economic and Social Council (ECOSOC), to support Corporate Social Responsibility and sustainability in the jewellery sector. As, Marco Carniello, Director of IEG’s Jewellery and Fashion Division, pointed out, the seminar this September marked the 10th year of cooperation between CIBJO and Italy’s leading jewellery trade show organizer.
A growing percentage of the jewellery, gemstone and precious metals industries have taken steps in recent years to implement sustainable and responsible sourcing principles in their businesses, with more than 1,300 worldwide already certified by compliance organisations, after undergoing monitoring by independent auditors.
Marco Carniello (left), Director of IEG’s Jewellery & Fashion Division, and Gaetano Cavalieri, CIBJO President, opening the seminar in Vicenza on September 9, 2019.
But in an industry that is dominated by small and medium-sized companies, many participants find it challenging to follow suit and consequently could experience difficulty in gaining access to chains of supply. The technologies discussed at the seminar are largely being developed to address these challenges.
“CIBJO is committed to the development of an ethical and sustainable jewellery industry, which sources its raw materials in both a responsible and transparent manner,” said CIBJO President Gaetano Cavalieri, opening the seminar. “As we reiterated in the new Responsible Sourcing Blue Book which was approved earlier this year, we believe that all participants should do due diligence to the best of their ability. At the same time, we also insist that no ethical members of our community be discriminated against because they currently lack the resources necessary to implement a full compliance system. It is for this reason that we view the development of technological solutions as being so important.”
The panel of speakers, which was moderated by Erik Jens, vice president of CIBJO’s Responsible Sourcing Commission, represented a cross section of this growing industry service sector, providing solutions to industry participants at all stages of the chain of distribution, from the mine to the retailer.
The panel included:
Michillay Brown, Industry Transformation, Tracr, United Kingdom, who introduced the De Beers-developed blockchain-powered traceability platform, which uses cutting-edge technology to connect the diamond supply-chain and provide provenance, traceability and authenticity for the diamond industry.
Assheton Stuart Carter, Director of the Dragonfly Initiative, a sustainability advisory firm in the United Kingdom, who currently is developing a suite of due diligence tools that will be made available free of charge to the jewellery and gemstone industry, as a part of a joint initiative by CIBJO and the Coloured Gemstone Working Group, which Dragonfly facilitates.
Daniel Nyfeler, Managing Director of the Gübelin Gem Lab, Switzerland, which is has developed a gemstone paternity programme called Provenance Proof, which uses virtually undetectable nano-particles that are embedded in a gemstone, containing identifying information to verify its origin, and then blockchain technology to communicate its provenance through the chain of distribution.
Konstantin Born, Business Development Manager at GemFair, United Kingdom, who described the De Beers’ pilot project that aims to create a secure, transparent route to the market for ethically-sourced artisanal and small-scale mined diamonds, where the miners are assured of receiving fair value for their output, using technology to foster the sector’s development as a credible and trusted source of diamond supply.
Mark Hanna, Chief Marketing Officer of the Richline Group, a wholly-owned subsidiary of Berkshire Hathaway, USA, whose TrustChain Initiative, tracks and authenticates diamonds and precious metals through every stage of the supply chain, as it becomes a piece of finished jewelry, providing digital verification, physical product and process verification, and third-party oversight.
Francesca Marino, Senior CSR Advisor at CIBJO, Italy, who provided CIBJO’s perspective of sustainability and responsible sourcing in the jewellery industry, as it is articulated in the recently approved Responsible Sourcing Blue Book.