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Gem & Jewellery industry pledges to enhance Trust, Transparency, Sustainability, Traceability & Responsible Sourcing thru’ self-regulation


The World Jewellery Confederation (CIBJO) held its annual Congress for the first time in Jaipur at Fairmont, Jaipur. The Congress is being organised from 3rd to 5th October. Pre-Congress meetings were held on 1st and 2nd October. The 2023 Congress is being hosted by the Gem & Jewellery Export Promotion Council (GJEPC) and the National Gem & Jewellery Council of India (NGJCI) supported by Ministry of Commerce and Industry and MSME Ministry, Govt. of India.


CIBJO Congresses serve as the official gathering place for the World Jewellery Confederation’s Assembly of Delegates, and are also the venue for the annual meetings of CIBJO’s sectoral commissions, where amendments can be introduced to the organisation’s definitive directories of international industry standards for diamonds, coloured stones, pearls, gem labs, precious metals, coral and responsible sourcing, known as the Blue Books.


Shri Piyush Goyal, Union Minister of Commerce & Industry, Government of India, said, “CIBJO is an event where gems of the sparkling world unite. In the spirit of Bharat's ancient tradition Athithi Devo Bhavo, I request you to enjoy hospitality of the Pink City while conducting business engagements. This event marks a historic moment as it is the first time that CIBJO Congress is being held on Indian soil. The CIBJO Congress taking place in Jaipur is more than just a location. Hosting the CIBJO Congress here is a testimony to the tremendous potential that India holds not only as a market but as a global manufacturing hub. The G20 summit signifies India's emergence as a global leader. Jaipur is a symbol of the vibrant spirit of artisans and rich history of gems & jewellery industry, which Jaipur represents. The industry has the power and promise to realise the goal of local goes global. The gem & jewellery sector has a key player to India's economy contributing significantly to India's merchandising exports annually and employing nearly 5 million people. Hon. Prime Minister Shri Narendra Modi's vision is to make India No. 1 in the gem & jewellery global business with Make in India products as well as focussing on the design aspects. India is a destination for jewellery as well as for creativity, ideas and progress. India has always been known as the land of gems & jewels - intricate workmanship and sheer artistry of our jewellery creations is unparalleled. India's legacy in this industry dates back to centuries as continues to evolve embracing modern trends and technology while honouring our traditional roots. Our lab grown industry is rising and championing sustainability at every step of the way. Surat Diamond Bourse, the world's largest building, will become the hub of all diamond trading activity. As we move forward, let us explore the possibility for collaboration and sustainable practices and pave the way for a brighter future for gem & jewellery industry. Together we can ensure that CIBJO Congress marks the beginning of a new era of prosperity and inclusivity for the global jewellery and gemstone community. I hope this event will give you an opportunity to engage and expand. May this event be the spark that ignites a brilliant future for all of us.” 


Mr. Gaetano Cavalieri, President, CIBJO, said in his welcome address, “CIBJO is the oldest international jewellery association in the world and will celebrate 100 years in Year 2026. CIBJO Congress is being held again after almost 4 years (2019 CIBJO Congress at Bahrain) and the world and industry has changed considerably. The experience of visiting India is overwhelming as India is a country which excites all the senses. The pandemic was an unimaginable yet transformative event; but the trade has now adapted to the new circumstances showing its inherent resilience. Business models of fine jewellery players are evolving rapidly. G7 countries, which accounted for half of all jewellery sales, will be introducing new norms and standards with respect to traceability, trust and transparency. CIBJO is a trusted organisation, which protects interests of members. It prescribes policy framework to enable and empower industry to put in place tools to operate within law to remain as transparent, honest, sustainable and responsible. We shall discuss and review all matters of international relevance for the trade. However, of 17 sustainable goals of the UN - Partnership is the most important one.”

Mr. Vipul Shah, Chairman, GJEPC, said, “Jaipur is a fitting location for CIBJO Congress as it is a living, breathing testament to the craft and artistry that our industry possesses. As a global leader, India continues to shape the gem and jewellery landscape, serving as both a beacon of time-honoured craftsmanship and a hub for innovation. India is the only beacon of hope as far as jewellery demand goes. Befitting its leadership position in processing of diamonds and gemstones like emerald and tanzanite, India adheres to ethical sourcing practices as well as contributes to the development of industry standards. The Kimberley Process Source protocol for rough diamonds which started based on demand from consumers,  is going through a reform cycle and we are committed to support such reform. Consumer’s confidence should be protected at any cost. So, our Government is also discussing with G7 countries the new measures for segregation of diamonds that they are demanding from the trade based on current geopolitical situation. The 2023 CIBJO Congress will also address the pressing issues and opportunities that define our industry.” 

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