New York: Gaetano Cavalieri, President of the World Jewellery Confederation (CIBJO), informed the High-Level Segment of the United Nation’s Economic and Social Council (ECOSOC) in New York about the jewellery industry’s potential as a force for positive societal development, particularly during the period following the COVID pandemic.
Among the leaders in attendance during the gathering was UN Secretary General António Guterres.
The CIBJO President was part of a select group of NGO heads invited to make a verbal statement before the ECOSOC High-Level Segment, which began its 36th session on 10th July, 2023, and will run through 19th July, 2023. The theme of the session is Accelerating the recovery from the coronavirus disease (Covid-19) and the full implementation of the 2030 Agenda for Sustainable Development al all levels.
CIBJO has held special consultative status in ECOSOC since 2006 as the jewellery industry sole representative.
Dr. Cavalieri said, “In the difficult economic environment that has developed in the wake of Covid-19, the membership of the World Jewellery Confederation plays both a critical and challenging strategic role. For while the end-consumers for the luxury products that they produce predominantly reside in high-income countries, where the ravages of the pandemic have largely subsided, a major proportion of the raw materials that they require are sourced in lower-income countries, where the social and economic aftershocks of the coronavirus period are still being felt, placing sustainable development programmes in peril.”
“The presence of CIBJO members in these low-income countries, most of which are ranked in the lowest tier of the UN’s Human Development Index (HDI < 0.55), provides them both with an in-depth understanding of conditions on the ground, and ample alternatives to support grass-roots economic programmes that encourage sustainable opportunity,” he continued.
“This is a not only a moral imperative, but a business requirement as well, because the now dominant Millennial and Gen Z consumers of high-end jewellery products are more inclined to demand that the products they buy demonstrably provide social and economic benefit along the entire supply chain.”
The CIBJO President noted that among the most vulnerable sectors in the jewellery pipeline are those involved in artisanal mining, or sometimes what is referred to as the informal mining sector. “The percentage of artisanal mining input varies according to product type, accounting for about 20% of both the global gold and diamond supply, but 80% of the supply of coloured gemstones,” he stated.