The Responsible Jewellery Council (RJC) has appointed Edward Johnson as director of business development to help expand its expertise and drive growth for the organization. Johnson will focus his efforts around developing strategies to drive membership engagement and strengthen the RJC’s relationships with key stakeholders. His role will be integral to evaluating new opportunities for growth and expansion into niche markets, as well as expanding the RJC globally, focusing particularly on Greater China, India and the USA.
In his latest article, JCK news director Rob Bates looks at the impact of GIA reporting the discovery of the biggest ever undisclosed CVD synthetic diamond at its Hong Kong lab. Bates argues that even though most cases of undisclosed synthetic diamonds occur in India and China, this latest discovery demonstrates synthetics pose a real and present threat to the entire industry, including the retail segment.
The UAE is considering the introduction of so-called blockchain technology to the global diamond trade in a bid to help prevent conflict diamonds getting on to the market, according to a report in the UAE's The National. Blockchain is an Internet-based book-keeping system that provides a permanent record of financial transactions. Applying it to the diamond business could establish a tamper-proof record of the provenance of diamonds.
The Gemological Institute of America (GIA) is joining diamond miners such as De Beers and Alrosa in investigating the possibility of tracking the origin of diamonds, JCK's Rob Bates reports. "The GIA has confirmed talk that chief laboratory and research officer Tom Moses discussed a diamond origin tracking service at the recent JCK show in Las Vegas. While GIA offers origin reports for some colored stones, this would potentially involve tracking a diamond’s movements," he writes.
JCK News Director Rob Bates discusses the implications of Jewellery group Signet's announcement that it will start implementing a Responsible Sourcing Protocol for Diamonds, requiring its suppliers to provide diamonds from identified sources, from mine to finger, so to speak. The initiative, which received support from diamond industry organisations such as the World Federation of Diamond Bourses and the Diamond Development Initiative, will be a work in progress, Signet stated, continuously improving.
In an extensive analysis, JCK News Director Rob Bates argues the diamond industry needs to get better control of its supply chain, and sums up eight good reasons to do so. Firstly, Bates argues, issues regarding social responsibilty aren't a temporary phenomenon. If anything, social issues will become an even hotter topic in the future. Secondly, tomorrow's customers - the Millennials - are taking social issues seriously; ignoring them is not an option.