LVMH Announces Free Gemstone & Jewelry Sustainability Platform

03/05/2021 12:29

LVMH announced the launch of the Gemstones and Jewelry Community Platform, a joint venture inspired by the luxury group’s sustainability commitments. The Coloured Gemstones Working Group (CGWG), created to introduce positive change across the jewelry industry, has actively promoted responsible sourcing of raw materials for many years.

The free digital resource is available to the entire gemstone and jewelry industry, from mine to retail. The platform offers a range of tools and training resources, including presentations, talks, self-assessment guides, and webinars on sustainability, responsible sourcing, and production.

“The beauty of a gem no longer depends simply on its color, cut, clarity, and carat, but also relies on the stone’s story and the conditions in which it was extracted and transformed. LVMH and its Maisons believe that offering jewelry mounted with responsibly sourced gemstones is a duty that we share with all our stakeholders. Only through collaboration such as that within the CGWG can we bring about true and lasting change in the sector and add a stone to the legacy of responsible mineral sourcing,” says Hélène Valade, Environmental Development Director at LVMH. 

By 2030, 100% of LVMH’s strategic supply chains will integrate with dedicated traceability systems. Traceability will also be an integral part of the customer experience as the Group intends to provide an information system for all new products by 2026. Besides LVMH, the Coloured Gemstones Working Group counts Chopard, Kering, Richemont, Swarovski, and mining companies Gemfields and Muzo as its members.

The Gemstones and Jewelry Community Platform: