RJC has launched its new Code of Practices (COP).The COP defines responsible, social and environmental business practices for companies in the jewelry supply chain and commits members to adhere to a robust set of comprehensive auditable standards.
This is the third occasion for RJC to adapt its COP since being formed in 2005. The changes reflect "the evolving needs of the industry and demands of consumers globally."
The most significant changes are:
- the expansion of the scope of materials to include colored gemstones (rubies, emeralds and sapphires) and silver;
- the alignment of due diligence requirements with the Organisation for Economic Co-operation and Development (OECD) Guidance for Responsible Mineral Supply Chains;
- New requirements on the detection of laboratory-grown diamonds.
The changes are the result of an 18-month consultation process by the RJC, discussing proposed changes with members, civil society organizations and leading global standards bodies. More than 300 stakeholders were consulted via webinars and workshops across Asia, Europe and North America ensuring that those who are responsible for adhering to the changes have been a key part of their development.
David Bouffard, RJC Chairman said: "We are proud to launch the latest Code of Practices because it builds on RJC's 15 years of experience and data and addresses the rapidly changing demands of the industry, from mine to retail. Consultation has been key, listening to the valuable feedback provided by our stakeholders. It was an essential part of the review process, with members, civil society organizations and leading global assurance and industry bodies all incorporated into its development."...