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The Responsible Jewellery Council (RJC) finally broke its silence on Alrosa’s membership. The organization was forced to respond after such prominent members including Richemont, Kering, Pandora and Watches of Switzerland withdrew from the organization in protest of the Russian company’s continued involvement. Executive director Iris Van der Veken quit her job over the issue.
In yet more fallout from Russia’s invasion of Ukraine, state-owned diamond miner Alrosa has been removed from the World Diamond Council (WDC), which represents the industry in front of the Kimberley Process (KP).
On Thursday [April 7], the U.S. Treasury’s Office of Foreign Assets Control (OFAC) added Russian diamond miner Alrosa to its Specially Designated Nationals (SDN) list—which may have serious implications for U.S.-based companies with overseas ownership.
Dear readers Over the past two weeks, we have gradually begun to understand how the global crisis and the war in Ukraine will impact the diamond industry.
Two more luxury brands have curtailed their involvement in the Responsible Jewellery Council (RJC) as the fallout from the Russia-Ukraine war continues.
The Russian diamond miner’s membership had been a point of contention, causing major companies to leave the organization.
Press release – Six months since the creation of the Watch & Jewellery Initiative 2030, membership has risen with new members, representing brands from different market segments, marking a level of diversity that is key to ensure the industry creates a durable and positive impact for the panel and for people.
The Oscars returned to the Dolby Theater on March 27, and people are still trying to puzzle them out.
It’s a question that’s been on Editor-in-Chief Michelle Graff’s mind since Feb. 24.
Chopard has become the latest retailer to boycott diamonds originating from sanctioned Russian companies, citing its policy on responsible sourcing.
Press release – ALROSA has voluntarily stepped down from the position of Vice-Chair of RJC, temporarily leaving the Board of Directors.
Iris Van der Veken has resigned as executive director of the Responsible Jewellery Council (RJC), in response to how it is handling the current status of Russian diamond miner Alrosa, sources tell JCK.
