CIBJO, the World Jewellery Confederation, has announced the public release of its Laboratory-Grown Diamond Guidance, which include a set of operating standards and principles for the laboratory-grown diamond sector that are designed to enhance consumer confidence both in the product and the jewellery industry.
A key principle of the Laboratory-Grown Diamond Guidance is that, to ensure confidence, consumers must receive complete and unambiguous information about what they are buying, so that they can make consciously informed purchasing decisions. This requires clear and accurate information that the laboratory-grown diamonds were created through industrial processes, and not geologically, as is the case with natural diamonds.
Divided into various sections, the guidance document outlines clear principles for describing laboratory-grown diamonds, well as due diligence measures that should be followed by companies handling laboratory-grown diamond merchandise and attending events at which they are displayed, like trade shows. It furthermore recommends the manner in which loose laboratory-grown diamonds or jewellery set with laboratory-grown diamonds should be disclosed on sales invoices and consignment documents. The document also addresses the subject of laboratory-grown diamond detection technology.
A key section of the document relates to the services provided by gem labs to the laboratory-grown diamond sector. It holds to the principle that the confidence of consumers will be served by their receiving an accurate and objective report of the characteristics of the laboratory-grown stone that they are buying, but, since such reports are unrelated to a laboratory-grown diamond’s rarity, care should be taken that the report itself does not infer a similarity between a laboratory-grown diamond and a natural diamond. The guidance recommends, therefore, that the report is referred to as a “Laboratory-Grown Diamond Product Specification,” and not a grading report.
The Laboratory-Grown Diamond Guidance document was developed by a special working group within CIBJO that was established in 2018, which included representatives of both the natural and laboratory grown diamond sectors. At the 2019 CIBJO Congress in Bahrain, the working group was provided the status of a full committee, the Laboratory Grown Diamond Committee, and it is affiliated to the CIBJO Diamond Commission, although it operates independently.
Before being released, the document was subject to both an internal and external review of industry experts. Like CIBJO’s Blue Books, it is considered a living document, meaning that is subject to change according to new information, technologies and market conditions.
“The public release of the Laboratory-Grown Diamond Guidance represents the culmination of three years of very delicate and complicated discussions, involving a great many experts from across the industry,” said CIBJO President Gaetano Cavalieri. “They all deserve our appreciation, but especially the members of the original working committee, headed by Wesley Hunt, and including Thierry Silber, Andrey Zharkov, Daniel Nyfeler and Raluca Anghel. They literally volunteered hundreds of hours of their precious time. Above everything else, they stayed true to the most important key principle, and that is that all that we do needs to serve the confidence of consumers in our products and our industry.”
CIBJO releases Laboratory-Grown Diamond Guidance to enhance consumer confidence in jewellery tradeSteven Benson2021-06-17T12:26:51+00:00
CIBJO, the World Jewellery Confederation, has announced that its Board of Directors has confirmed the membership of the Chow Tai Fook Jewellery Group.
Founded in 1929, the Hong Kong-headquartered group’s portfolio comprises the CHOW TAI FOOK flagship brand, and other individual brand names, including HEARTS ON FIRE, ENZO, SOINLOVE and MONOLOGUE. Its extensive retail network of more than 4,590 stores, covers Greater China, Japan, Korea, Southeast Asia and the United States, and it also operates a fast-growing e-commerce business. The group’s shares have been listed on the Main Board of the Stock Exchange of Hong Kong since December 2011.
“We would like to thank CIBJO President Gaetano Cavalieri and the Board of Directors for welcoming us,” said Kent Wong, Chow Tai Fook’s Managing Director, Corporate and HK, Macau & Overseas, “and we are grateful to be able to work closely with all members for the continuous development of the industry. CIBJO, whose mission it is to promote international cooperation, has embarked on a range of initiatives to elevate and bolster consumer confidence.”
“Being an industry pioneer with over 90 years of heritage, we understand the need to innovate and stay united to make a truly positive difference,” Mr Wong continued. “In order to fulfil these ideals and promises, it is important that we work collaboratively with our industry peers, bringing in innovative insights. Only when we do so can we herald a new era of growth and synergy.”
“Chow Tai Fook’s becoming part of the CIBJO community represents a giant milestone, and will provide our confederation with a considerably broader perspective, not only in what are several of the fastest growing markets in the global jewellery trade, but also in the online environment, which is consuming an ever larger share of sales,” said Dr. Cavalieri. “Just as the group has led the way in Asia and elsewhere, we expect it to take a leading role in CIBJO.”
Asia’s largest jewellery retailer, Chow Tai Fook, joins CIBJO, the World Jewellery Confederation, as new memberSteven Benson2021-06-15T07:35:02+00:00
CIBJO, the World Jewellery Confederation, has announced that its Board of Directors has confirmed as a new member ASSOROLOGI, Associazione Italiana Produttori e Distributori di Orologeria, the Italian watch industry association.
The organization is the second major watch industry national association to have joined CIBJO’s ranks this year, following the Federation of the Swiss Watch Industry FH in March, and according to CIBJO President Gaetano Cavalieri this indicates not only the growing collaboration between the watch and jewellery sectors, but also the need of both to create common benchmarks for standards, nomenclature, responsible sourcing and consumer confidence.
Representing manufacturers and importers of watches and supplies for watchmaking, ASSOROLOGI is the industry’s representative in CONFCOMMERCIO, the Italian General Confederation of Enterprises, Professions and Self-Employment, the country’s largest business association.
“I wish to thank President Gaetano Cavalieri and the Board of Directors for the decision to open the World Jewellery Confederation to the activities of the watch industry, and to welcome us in a spirit of mutual cooperation,” said Mario Peserico, President of ASSOROLOGI. “We are ready to contribute to the important work that CIBJO has been carrying out for many years, supporting and protecting the jewellery, gemstone and precious metal markets worldwide. For many years, ASSOROLOGI concentrated its efforts in Europe, but it is now time to broaden our vision to the world. Within CIBJO we will be able to stand united and strengthened in the international markets.”
“ASSOROLOGI’s becoming a CIBJO member is another important milestone in a process that cements the relationship between the watch and jewellery sectors,” Dr. Cavalieri said. “In so many respects we already operate as one united industry, using similar raw materials, supply chains and outlets to the wholesale and retail markets, as well as interacting with the same consumers. Our interests are aligned, as are our challenges. We welcome ASSOROLOGI into our family.”
Italian watch industry association ASSOROLOGI confirmed as new CIBJO memberSteven Benson2021-06-07T08:34:46+00:00
CIBJO, the World Jewellery Confederation, has announced that it has launched an online Toolkit designed to enable all members of the jewellery and gem sector to conduct responsible sourcing due diligence on their supply chains. The digital files of which the toolkit is comprised can be downloaded at no cost from a dedicated mini-website, located at www.cibjo.org/rs-toolkit.
The CIBJO Responsible Sourcing Toolkit supports the CIBJO Responsible Sourcing Book, which provides companies in the jewellery supply chain with a framework and guidance for due diligence for the responsible sourcing of gem materials and precious metals.
The Toolkit was developed for CIBJO by the Coloured Gemstone Working Group, which is a forum of leading gem and jewellery companies dedicated to helping businesses in the coloured gemstones supply chain be more sustainable, and making responsible sourcing part of the way they operate. The work of the Coloured Gemstone Working Group is facilitated by TDI Sustainability, an advisory firm specialising in the jewellery, gemstone and mining industries.
The Toolkit comprises nine modules, each one of which relates to a specific section of the Responsible Sourcing Blue Book. Each module provides a detailed explanation of that section, and also a number of downloadable files, in MS Word or PDF format, which can be used to do the due diligence described. They include templates, forms, sample declarations and additional information.
While the modules are organised in the sequence that the subjects are addressed in the Responsible Sourcing Blue Book, they do not need to be applied in any particular order. However, it is recommended that users complete the first four modules before continuing on to the remaining five modules. These four modules relate specifically to establishing and implementing a responsible supply chain policy, basic supply chain due diligence, and Know Your Counterparty (KYC), both as it relates to anti-money laundering and bribery and facilitation payments.
Most of the tools in the Toolkit can be used with no additional costs involved. A small number will require support of third-parties, and in those cases, the Toolkit lists appropriate alternatives.
A screenshot from Module 1 of the CIBJO Responsible Sourcing Toolkit. The section describes the process of creating a Responsible Sourcing Policy Document, and a link to download a template, in MS Word format, which can be used to formulate the policy document.
“The launch of the CIBJO Responsible Sourcing Toolkit is the fulfilment of a promise to make freely available to all members of the industry the tools required to do essential responsible sourcing due diligence,” said Gateano Cavalieri, CIBJO President. “Our position is clear – while all responsible participants in our industry should be provided access to the chain of supply, irrespective of their size or financial capacity, all also are expected to do, to the best of their ability, the due diligence necessary to protect our product, our industry, our customers and our stakeholders. This Toolkit helps them do just that.”
“Our thanks go out to all those who brought this to fruition,” he continued. “This includes our Responsible Sourcing Commission and its President, Philip Olden, the Coloured Gemstone Working Group, and Assheton Carter and the team at TDI Sustainability.”
“The CIBJO Responsible Sourcing Toolkit is a simple and essential resource to help companies of all sizes in the complex and fragmented gem and jewellery supply chains to start the process of supply chain due diligence, which is becoming a fundamental business requirement,” said Philip Olden, President of the CIBJO Responsible Sourcing Commission, who headed the project on behalf of the World Jewellery Confederation. “It is a process of continuous improvement. The Toolkit is designed to enable industry members get started, supporting the guidance in the CIBJO Responsible Soucing Blue Book. Companies can then use the Toolkit to systematically improve their level of due diligence to the best of their ability. It will also assist companies in preparing to become certified with a recognised compliance standard, such as that of the Responsible Jewellery Council, if and when they choose to do so.”
“The CIBJO Responsible Sourcing Toolkit is the latest addition to a wealth of industry standards, educational and guidance materials and programmes, and also practical tools that CIBJO makes freely available to members of our industry all over the world, to support their businesses and protect the confidence of consumers in our products and our people,” said Jonathan Kendall, CIBJO’s Executive Vice President. “Our mission is to create a better jewellery industry, equipped to succeed in the 21st Century. Responsible sourcing and supply chain integrity are key to meeting that challenge.”
CIBJO launches free online toolkit to assist gem and jewellery companies to undertake responsible sourcing supply chain due diligenceSteven Benson2021-04-22T06:58:39+00:00
CIBJO, the World Jewellery Confederation, has announced that its Board of Directors has confirmed the membership of the Federation of the Swiss Watch Industry FH. CIBJO President Gaetano Cavalieri welcomed the decision, stating that it underscores the convergent interests of the watch, jewellery and gemstones industries, and the need for all to work together to protect consumer confidence and support.
Representing around 460 members or more than 90 percent of Swiss firms active in the production and sale of watches, clocks and components, the Federation of the Swiss Watch Industry FH was established in 1982 following the merger between the Swiss Federation of Watch Manufacturers’ Associations and the Swiss Chamber of Watchmaking. It thus represents almost 150 years of association activity within the Swiss watch industry.
Among the organisation’s objectives are to protect and develop the Swiss watch industry, to uphold its members’ interests generally and in a legal context, and to represent the sector as a whole, both in Switzerland and abroad.
“We are delighted to have so important a leader in the international watch sector as part of CIBJO,” Dr. Cavalieri said. “Together the jewellery, gemstone and watch industries represent more than $250 billion of sales annually, reaching out to a very similar consumer base, often using the same chains of distribution, particularly at the retail end. We have parallel interests and face common threats. For all of us, consumer confidence is not simply desirable, but it is a business prerequisite. I look forward to working with my Swiss colleagues in creating a common front, allowing us work united and strengthened in the international markets.”
“We are very proud to join such a worldwide association as CIBJO,” said Dr. Jean-Daniel Pasche, FH President. “The jewellery, gemstone and watch industries are so linked together that it makes sense to group our competences and values in order to improve the development of our activities and to fully satisfy the expectations of the consumers.”
Federation of the Swiss Watch Industry FH confirmed as new CIBJO memberSteven Benson2021-03-29T08:07:56+00:00
ABOVE: CIBJO Executive Vice President Jonathan Kendall.
MARCH 23, 2021
CIBJO, the World Jewellery Confederation, has announced the appointment of Jonathan Kendall as the association’s Executive Vice President. His nomination was tabled by CIBJO President Gaetano Cavalieri and approved by the CIBJO Board of Directors.
Long active in CIBJO, Jonathan has served for years as President of the Confederation’s Marketing & Education Commission, authoring a series of guides on responsible business practices, advertising and human resource management in the jewellery industry. He also was a driving force behind the creation of CIBJO’s Retailer’s Reference Guide, soon to be released in its second edition. With a passion for the planet and strong advocate for environmentally friendly initiatives, in 2014 he established CIBJO’s Jewellery Industry’s Greenhouse Gas Measurement Initiative, which helps companies within the jewellery and gemstone industries understand their environmental impact, offset and reduce it, and protect themselves and the sector as a whole.
A product and marketing specialist, Jonathan began his luxury product career in the cosmetics and fragrance industries, filling a series of roles at Revlon, Procter & Gamble, Elizabeth Arden and Unilever, before joining the De Beers Group. There he served as senior executive for 19 years until 2020. He was instrumental in the formulation of the De Beers Best Practice Principles, and in the development of new business strategies, including the Forevermark, the International Institute for Diamond Grading and Research and the De Beers Institute of Diamonds.
“I am delighted that Jonathan has agreed to take us up on my offer and to continue putting his vast knowledge, set of skills and talent to the service of the gems and jewellery industry,” said Dr.Cavalieri. “He will be a trusted advisor on all issues, but in particular will play an instrumental role in plotting a course for the 21st Century, helping us develop solutions for a business environment and a marketplace that are more digital, interconnected, and socially and environmentally conscious. These are areas where the industry more frequently looks to CIBJO for guidance and strategies.”
“CIBJO plays a unique role in the jewellery industry, representing all the product categories across the supply, distribution and retail sectors,” said Jonathan Kendall. “As an industry, we have much to achieve in the coming decade to maintain consumer demand. Our products need to continue to represent the best of creativity and beauty, but in addition there is a real requirement for us to market them and our businesses with a strong emphasis on sustainability, excellent environmental management, and support for all those involved in bringing jewellery to market – from sourcing to manufacturing to distribution. My personal goal will be to help CIBJO provide the industry with the knowledge and tools to win the hearts and minds of the Next Generation.”
CIBJO announces appointment of Jonathan Kendall as Executive Vice PresidentSteven Benson2021-03-23T07:53:05+00:00