28 Jan 2023
DiamondWorld Directory
-
Home |
News
Home
CIBJO’s CR Seminar reveals new insights
The intent is to survive the slowdown with a new approach to business
By: Diamond World News Service
|
Feb 26 2009 8:17PM
|
Reference: 3571  

DecreaseIncrease

CIBJO, the World Jewellery Confederation took the opportunity to present the participants of the Inhorgenta show in Munich, Germany with a seminar on Corporate Social Responsibility (CSR) on February 20, 2009. In his keynote speech, François Loriot, vice president of AIFOMD, said; "The main purpose of the presentation was to demonstrate to jewelers that when taking a business-oriented approach, CSR really can be an excellent competitive tool. We believe that by introducing CSR into a jewellers' business model, they will gain another tool that will create added value to their business. By incorporating CSR, one adds value to the jewellery industry at large." AIFOMD is a Switzerland-based organisation specialising in the development of programmes to advance the United Nation's Millennium Development Goals.

Dr. Loriot added that during the current slowdown in the market, CSR offers a unique opportunity for the jewellery industry. "Recently published research has proven that consumers are ready to pay more for example for fair trade products. By taking stock of the lessons learned, for instance, from the way the conflict diamonds crisis was dealt with, it is easy to understand why it is important to incorporate humanitarian issues into business models. Combine that with original design, craftsmanship and professionalism, and I can see the jewellery industry capture new opportunities and grow its share in the consumer market."

Supporting the effort, CIBJO President Gaetano Cavalieri noted that "For the jewellery industry, this is a relatively new understanding of CSR. Ten years ago we were concentrating less on doing the right thing, and more on not doing the wrong thing. Remember that we deal in non-essential, luxury products and to be successful our customers must be absolutely confident in the integrity of our gems and jewellery, as well in as our business community. This requires total transparency on our part. By integrating CSR in our business models, we will potentially grow our market share, not lose it."

Dr. Hanifa Mezoui, chief of the NGO Section of the United Nation's Economic and Social Council (ECOSOC), praised CIBJO, not only for its role as the jewellery industry's only representative on ECOSOC, but also for taking CSR education to the industry, through the establishment of the World Jewellery Confederation Education Fund (WJCEF), a body that will coordinate CSR education in the international jewellery industry at large.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 32385
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 10044
GJEPC Chairman Interview
Views: 28477
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 39932
Promo for IJ Awards 2012 at NDTV Profit
Views: 57518
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 69127
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 22153
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 51325
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 53633
Member of:
Supporter of: