Bvlgari believes that the continuously advancing in its ethical, social and environmental performance is a fundamental component of the excellence of the products delivered to clients. Bvlgari is certified member of the Responsible Jewellery Council. This certification intends to provide clients with the trust that our value chain, from mining to retail, is managed responsibly.
In order to foster its commitment, Bvlgari goes beyond the Responsible Jewellery Council requirements, assuring the responsible sourcing of all its Business Units, for all the materials used in its products with specific focus on Gold, Diamonds and Colored Gemstones.
In the conduct of its activities, Bvlgari is committed to complying with all applicable laws, regulations and national and international conventions, as well as with best practices, in particular with regards to ethics, human rights, social responsibility and protection of the environment.
CHAIN OF CUSTODY CERTIFICATION
On June 10th, 2015 Bvlgari achieved the Chain Of Custody Certification (CoC) for its gold jewellery products lines. The CoC Certification has been renewed in April 2018. The Chain Of Custody Standard, settled from the Responsible Jewellery Council (RJC) in accordance with the OECD Guidelines, promotes the usage of precious metals sourced in a responsible way among the whole supply chain. More details on the RJC Chain Of Custody Standard are available at the following link.
What does responsibly sourced mean?
RJC defines responsibly sourced metals as conflict-free as a minimum, and responsibly produced at each step of the supply chain. This means that appropriate standards apply for human rights, labour standards, environmental impact, and business ethics as articulated in the RJC Code of Practices Standard. Aiming to ensure the long term compliance with RJC CoC Standard provisions, Bvlgari has implemented an appropriate internal and external management system which ensures the segregation of CoC certified material in each step of the manufacturing process from metal procurement to finished product delivery. The certification ensures the implementation of responsible manufacturing and sourcing processes among the whole supply chain and it confirms Bvlgari's commitment to ensure gold traceability not only through its manufacturing processes but also involving its suppliers with a continuous improvement perspective and taking care of the sustainable development of the local content in which Bvlgari operates.
Please find here the RJC Chain of Custody Certification.
CONFLICT DIAMONDS AND THE KIMBERLEY PROCESS
Conflict diamonds (or "blood diamonds") are rough diamonds used by rebel movements to finance wars against legitimate governments. Bvlgari takes this issue very seriously and prevents these diamonds from becoming part of its inventory by only buying polished diamonds from trusted suppliers based in countries adhering to the Kimberley Process, a joint government, industry and civil society initiative to stem the flow of conflict diamonds through an international certification scheme. Moreover, all Bvlgari suppliers are members of trade associations, such as the World Diamond Council, which aim to implement the Kimberley Process through a self-regulation system. Bvlgari has therefore notified its suppliers that all diamonds polished after January 1, 2003 must be accompanied by a warranty stating that they do not sell conflict diamonds. These warranties are retained by the company for a five-year term. As a further action, on August 4, 2006 Bvlgari became a member of the Council for Responsible Jewellery Practices, a nonprofit organization founded in 2005 whose mission is to promote responsible practices related to business ethics and social, human rights and environmental performance throughout the diamond and gold jewelry supply chain, from mining to retail. Since July 2004, the current standard training package for all employees has included a session dedicated to the issue of conflict diamonds and the Kimberley Process.
In 1998, two non-governmental organizations (NGOs), Global Witness (UK) and Partnership Africa (Canada), informed the diamond industry and the world media that rebel groups in Angola and Sierra Leone were illegally trading diamonds in order to fund their activities. In May 2000, the South African Government organized a meeting in Kimberley for all interested parties to meet and discuss a solution to this problem. The meetings therefore became known as the Kimberley Process, and over a period of two years, an international agreement was reached – known as the Kimberley Process Certification Scheme – which outlined the requirements for controlling rough diamond production and trade. This scheme requires that each shipment of rough diamonds exported through an international border must be transported in a tamper-resistant container and accompanied by a government-validated certificate, named the "Kimberley Process Certificate," declaring that the stones are not conflict diamonds.
The diamond industry reacted immediately and began cooperating with the United Nations and leading NGOs to find ways to halt trade in conflict diamonds. As a result, in July 2000, the World Diamond Council was created by the Federation of Diamond Bourses and the International Diamond Manufacturers Association – two entities representing the most important manufacturing and trading centers in the world. This organization brings together manufacturers, traders, governments and relevant international organizations and aims to ensure that restrictions for trade in conflict diamonds are applied. In February 2003, the World Diamond Council published an "Essential Guide to Implementing the Kimberley Process" in order to promote a self-regulation system for the entire diamond industry, with the aim of restricting the trade in conflict diamonds. According to this guide, all jewelry retailers should:
• Require that all of their suppliers provide warranties for all polished diamonds
• Inform suppliers in writing that they will require a warranty
• Retain these warranties for at least five years.
Bvlgari is committed to monitoring constantly the social and environmental impacts of its supply chain, also in relation to the sourcing of Colored Gemstones. Material and product traceability represent a key focus area for Bvlgari in this space. The Group is working with international partners in order to enhance standards and methodologies to continue deepening the commitment to responsible sourcing of Colored Gemstones. For this reason Bvlgari, as part of LVMH, joined the Colored Gemstones Working Group (CGWG).
This workgroup, facilitated by The Dragonfly Initiative, brings together major brands in the jewellery industry with the common goal to develop tools and methods to enable a transparent and responsible supply chain for colored gemstones. Bvlgari will keep working to encourage the adoption of responsible souring practices, also leveraging on potential unlocked by new technologies.