News

Advanced Search

RJC to Align Code with OECD Rules

Oct 3, 2018 4:41 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... The Responsible Jewellery Council (RJC) is proposing to align its due-diligence requirements with those of the Organisation for Economic Cooperation and Development (OECD).

“This move will deliver tangible benefits to members, who will be able to point customers to a standard fully aligned with the OECD recommendations,” the council said last week.

The OECD guidelines are in line with the Kimberley Process Certification Scheme, as well as the World Diamond Council System of Warranties, the RJC noted. The organization decided on the move after receiving feedback from a range of industry stakeholders, it said.

While the RJC incorporated similar due-diligence requirements into its Code of Practices in 2013, the current changes bring its advice fully in line with OECD guidance, it added.

The RJC is in the final phase of reviewing its code. RJC members, non-governmental organizations and other interested parties have until October 27 to respond to the proposals. The council plans to publish the updated document in March, and will implement the changes in phases over three years ending 2021.

Image: Diamond jewelry on display in a store. (Shutterstock)
Tags: Code of Practices, Kimberley Process Certification Scheme, oecd, Organisation for Economic Cooperation and Development, Rapaport News, Responsible Jewellery Council, RJC, World Diamond Council System of Warranties
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Sep 19, 2019
Hong Kong show brings fewer visitors, but better-than-expected trading. Serious buyers attending. Fair reflects
GIAGIA Names New Mineral Johnkoivulaite
Sep 18, 2019
The Gemological Institute of America (GIA) has confirmed a new mineral species discovered in Myanmar, which it has
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.