The significant price differences that have opened up between natural diamonds and laboratory-grown diamonds reinforce the need for correct disclosure to protect consumers.
Nomenclature used in business claims around responsible and ethical business practices, such as terms describing origin, source and provenance are being looked at by the committee.
Greenwashing is a form of advertising or marketing spin that deceptively uses “green” public relations and “green” marketing to persuade the public that an organisation's products, goals, or policies can benefit the environment.
Greenwashing is a form of advertising or marketing spin that deceptively uses “green” public relations and “green” marketing to persuade the public that an organisation's products, goals, or policies can benefit the environment.
A special session on the first day of the 2024 CIBJO Congress Congress, featuring a blue ribbon panel of major industry players, urged accelerated action by jewellery businesses and partnerships to drive forward on meeting sustainable development goals.
It is the first time that CIBJO, the World Jewellery Confederation, has put together universities and schools at the same table talking about the future.
CIBJO in principle does not express political opinions, although it is conscious that members of the industry are affected by geopolitical events, as well as statutes and regulations legislated by governments.
Meeting on the first day of the CIBJO Congress, CIBJO’s Sustainable Development Commission discussed a roadmap being drawn up to adopt formal ESG (economic, social and governance) principles across the various sectors of the jewellery industry.
“While the accelerated growth rates of the 2010s are almost certainly behind us, China continues to outpace most other developed markets – and, yes, I think it is correct in 2024 to refer to China as a developed market – rather than simply a developing market,” Dr Cavalieri said.
Consumer confidence, said Gaetano Cavalieri, President of CIBJO, is maintained by members of the industry complying with responsible business standards. And creating those standards, he added, are at the heart of the World Jewellery Confederation’s mission.
