Saturday, July 2, 2022
HomeNewsWDC and RJC sign pact to strengthen jewellery value chain participants

WDC and RJC sign pact to strengthen jewellery value chain participants

WDC and RJC sign a pact to strengthen jewellery value chain participants. The two leading diamond and jewellery industry organisations – the World Diamond Council (WDC) and Responsible Jewellery Council (RJC) – have entered into a cross-membership partnership and signed mutual codes of conduct to strengthen the empowerment of jewellery value chain participants.

These organizations are dedicated to the adoption of responsible business practices across the supply chain. This partnership will help increase knowledge-sharing, pilot new initiatives, and increase the positive impact they both make on the lives and livelihoods of individuals and communities associated with jewellery, watches and the precious materials from which they are made.

The increased cooperation between the organisations will see an RJC official joining the WDC Kimberley Process Task Force to take part in critical discussions about the Kimberley Process Certification Scheme (KPCS). This includes the expansion of the definition of conflict diamonds and principles for responsible diamond sourcing, and also the worldwide adoption of WDC’s revised System of Warranties (SoW).

On the other hand, a WDC official will join the RJC SDG Task Force, which is an action platform for the jewellery and watch industry committed to the achievement of the Sustainable Development Goals (SDGs). Both appointments will take place with immediate effect.

Over the course of the partnership, both WDC and RJC will report to their members on progress with the SoW and SDGs, and support members of the industry in applying the relevant programmes and principles into their own business systems with the help of case studies, hands-on workshops and continued dialogue with policymakers and investors.

“Co-operation at this level is critical to raising the level of knowledge about responsible sourcing, driving action and having a positive impact on all businesses, small and large, at every level of the diamond supply chain,” said Elodie Daguzan, WDC’s Executive Director.

“Through this partnership, we can do more to increase understanding of the KPCS and present a united industry front dedicated to broadening its scope through the expansion of the definition of conflict diamonds. Cooperation will also fast-track the adoption of WDC’s revised System of Warranties, creating a standard industry baseline for KPCS-compliance and commitment to fundamental human and labour rights, and anti-money laundering and anti-corruption principles. I am excited to be working closely with the team at RJC to unite the power of all our members and accelerate positive change in our industry.”

“Uniting the positive forces of RJC and WDC is a major milestone in our industry, and I am inspired by what we can achieve together, partnering to promote the fulfilment of the 17 Sustainable Development Goals in the industry,” said Iris Van der Veken, RJC Executive Director.

Mines to Market
Mines to Market
Prashant Rathod


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Popular

Recent Comments

Manish Panchal on Diamante Blockchain