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Technological Solutions for Sustainability and Responsible Sourcing Spotlighted at CIBJO-IEG Seminar

Seminar marked the 10th year of cooperation between CIBJO and IEG.

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(PRESS RELEASE) MILAN, ITALY — 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, Italy, 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, which is endorsed by the United Nations Economic and Social Council (ECOSOC), to support corporate social responsibility and sustainability in the jewelry sector. As Marco Carniello, director of IEG’s jewelry and fashion division pointed out, the seminar this September marked the 10th year of cooperation between CIBJO and Italy’s leading jewelry trade show organizer.

A growing percentage 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, after undergoing monitoring by independent auditors. 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.

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