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Sustainability and Responsible Sourcing Highlighted at CIBJO-IEG Seminar

Sustainability and Responsible Sourcing  Highlighted at CIBJO-IEG Seminar With members of the jewelry 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 organized by CIBJO and hosted by the Italian Exhibition Group (IEG).

The seminar was the latest edition in a series of educational programs organized by the two bodies. This marked the 10th year of cooperation between CIBJO and Italy’s leading jewelry trade show organizer. A growing number of the jewelry, 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 organizations. 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 jewelry 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 jewelry 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 jewelry industry, as it is articulated in the recently approved Responsible Sourcing Blue Book.


[Pictured: Marco Carniello (left), Director of IEG’s Jewelry & Fashion Division, and Gaetano Cavalieri, CIBJO President, opening the seminar in Vicenza on September 9, 2019]

AT: 09/16/2019 02:47:08 PM   LINK TO THIS NEWSLETTER
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