Story Highlight
– CIBJO Congress set for October 27, 2025, in Paris.
– Report addresses business integrity in jewellery industry.
– Urgent need for supply chain transparency emphasized.
– Technology can enhance, but also risks integrity.
– Integrity essential for maintaining consumer trust and value.
Full Story
Milan, Italy – As the countdown begins to the 2025 CIBJO Congress scheduled for October 27 in Paris, the sixth pre-congress Special Report has been unveiled. This latest document, coordinated by the CIBJO Ethics Commission under the leadership of Sara Yood, highlights four essential areas of business integrity pertinent to the jewellery and watch sectors. These areas include anti-money laundering efforts, financial transparency, marketing ethics with an emphasis on the dangers of greenwashing, consumer disclosure, product integrity, and the use of technology to enhance transparency.
“In today’s market, ensuring integrity and transparency throughout the supply chain is more critical than ever,” writes Ms. Yood. She stresses that the evolution of consumer expectations alongside stricter regulatory measures necessitates a reaffirmation of the industry’s dedication to ethical practices that safeguard both companies and their customers.
Ms. Yood also notes the potential benefits of new technologies in promoting the jewellery sector’s integrity. “For instance, blockchain technology can offer unchangeable records of a product’s history, while artificial intelligence can help standardise grading and pricing,” she states.
However, she raises concerns about the associated risks of these technologies. “The reliability of blockchain is contingent on the accuracy of the data inputted. If the initial information is false or incomplete, the entire system is compromised. Similarly, while AI can enhance efficiency, it may also incorporate biases or lack transparency in its decision-making,” Ms. Yood explains.
“Integrity and transparency are not merely theoretical concepts; they are essential for the sustained success of the jewellery industry,” emphasises the President of the CIBJO Ethics Commission. She warns that without these principles, consumer confidence will decline, leading to more stringent regulations, ultimately undermining the industry’s inherent value. Conversely, with integrity and transparency upheld, jewellery will continue to symbolize beauty, celebration, and enduring significance.
For further details, the special report can be accessed here.