GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

CIBJO approves newest Blue Book, providing guidance for responsible sourcing in the jewellery sector

16 january 2019

cibjo_logo.jpgThe Board of Directors of CIBJO, the World Jewellery Confederation, has approved the first edition of the Responsible Sourcing Book, which provides a framework and guidance for due diligence related to the responsible sourcing of gemstones and precious metals in the jewellery sector. It becomes the latest in CIBJO's Blue Book series of definitive industry guides for standards and nomenclature, joining the Blue Books for diamonds, coloured gemstones, pearls, precious coral, precious metals and gemological laboratories.
The new Responsible Sourcing Book is the product of a year-long project, which included the creation of the CIBJO Responsible Sourcing Commission and a policy document that was presented at the 2018 CIBJO Congress in Bogotá in November. Before its release, it was subject to a rigorous internal and external review process that included experts both from the jewellery sector and the international community.
Recommending guidelines and procedures by which participants in the jewellery supply chain may undertake supply chain due diligence to support responsible sourcing, the Responsible Sourcing Book is designed to serve as guidance for ethical business practices and supply-chain due-diligence systems in the jewellery sector. It is not a definitive code of practice in and of itself and cannot be described or interpreted as a compliance mechanism or chain of custody.
Referencing the Organisation for Economic Cooperation and Development (OECD) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, the Responsible Sourcing Book insists on compliance with the Kimberley Process Certification Scheme and the World Diamond Council's System of Warranties for diamonds, and supports the United Nations Guiding Principles on Business and Human Rights. It recommends that all participants in the industry have a responsible sourcing policy in place, and undertake due diligence on their supply chains to the best of their ability, to identify, assess and mitigate any identifiable risks in the jewellery supply chain related to human rights, labour practices, money laundering, financing of conflict and corruption.
To ensure product integrity, the Blue Book calls for precious metals and gem materials and products to be correctly represented and disclosed through their supply chains in accordance with the CIBJO Retailers' Reference Guide or the relevant CIBJO Blue Books, and recommends that grading reports and other types of product-verification be provided as well.
"The new Blue Book provides a set of universal guidelines that enable all members of the industry to demonstrate that they are actively involved in defending the integrity of the supply chain, and that they strive to improve these efforts on a continuous basis," explained Gaetano Cavalieri, President of CIBJO. "Like all CIBJO Blue Books, it is a living document, which will be reviewed on a continuing basis, and amended and updated when necessary."
The new CIBJO Responsible Sourcing Blue Book will be presented to the industry by Responsible Sourcing Commission President Philip Olden at a seminar in Vicenza on Saturday, January 19. It will be moderated by CIBJO President.

Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished, Brussels