CIBJO Consumer Confidence Commission Meets

September 7, 2004

CIBJO Consumer Confidence Commission Meets

The industry-wide Consumer Confidence Commission, recently established by CIBJO, The World Jewellery Confederation, is scheduled to hold its first official meeting Sept. 10 in London. "We hope to lay the groundwork for what will become a global strategy for consumer confidence in our business community and the products we sell," says CIBJO President Gaetano Cavalieri. The primary purpose of the commission is to formulate and encourage the implementation of standards for corporate and social responsibility in the jewelry and gemstone sectors.

Earlier this summer, Cavalieri named gemstone and jewelry industry officials who would be members of the commission. They include: Gaetano Cavalieri, CCC president, CIBJO president; Matt Runci, CCC vice president, CIBJO ethic commission president, president and CEO of Jewelers of America; Ernest Blom, president of Sector I of CIBJO, vice president of the World Federation of Diamond Bourses, Chairman of The Jewellery Council of South Africa; Tawfique Abdullah, president Sector II of CIBJO, president of the Dubai Metals & Commodities Centre; Roland Naftule, president Sector III of CIBJO; Motti Besser, general manager, the Israel Diamond Manufacturers Association; Peter Meeus, managing director of the HRD (Antwerp Diamond High Council); Rory More O'Ferrall, director of corporate affairs, The Diamond Trading Co.; Terry Janes, vice president, strategic marketing diamonds and industrial materials, BHP Billiton Diamonds; Gordon Gilchrist, managing director, Rio Tinto Diamonds; Peter Gross, global head, International Diamond & Jewellery Group, ABN AMRO Bank.

Cavalieri noted CIBJO's chief responsibility remains the safeguarding of consumer confidence. "We have been confronted with a number of topics that, when not tackled properly, will lead to a loss of consumer confidence in jewelry. They have the capacity of severely damaging our industry. Most recent examples of such topics are synthetic diamonds which, when not properly and fully disclosed, can create havoc in the diamond jewelry business. Another issue of concern is that of money laundering in the diamond and gem trade pipeline," he said. Cavalieri stressed that "the jewelry industry and trade worldwide needs to address, tackle and solve these issues without delay, thus taking them off the industry's agenda, and, consequently, off the agenda of industry watchdogs, interest groups and a variety of NGOs."

A complete report of the commission's effort will be presented at the next CIBJO Congress scheduled to be held in Hong Kong, March 4-7, 2005.

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