Richemont Recognized as CRJP Supporter

The Council for Responsible Jewellery Practices (CRJP), which promotes responsible ethical, social and environmental practices throughout the diamond and gold jewelry supply chain, has announced that Richemont has been recognized by the CRJP as a “Supporter of the Council.”

“As a Supporter of the CRJP, Richemont is recognized for its significant in-kind and financial contribution to the Council’s work promoting responsible practices in the diamond and gold supply chain and to evidencing that commitment through independent third-party monitoring,” says CRJP CEO Michael Rae.

Several Richemont brands – Cartier, Piaget and Van Cleef & Arpels – are established CRJP members.

Through its association with the Council, Richemont lends its support to those companies, by promoting responsible business practices.

CRJP’s 71 members will work on creating a worldwide supply chain initiative, due to debut in early 2008, the organization said. All CRJP members will compare their business practices to the CRJP’s defined standards, articulated in its Responsible Practices Framework.

Members also agree to continuous improvement in their business practices, as well as independent, third-party monitoring, to assure consumers that they are complying with the standards.

The Council has developed a detailed Code of Practices, which is the foundation for the Responsible Practices Framework.

CRJP will hold its Annual General Meeting May 14 in London. In conjunction with the AGM, the Council will present a stakeholder dialogue featuring industry figures and NGOs.