Sem­i­nar At Vi­cen­za­oro Win­ter To Ex­am­ine Con­flict Min­eral Leg­is­la­tion Im­pact

Solitaire - - SPECTRUM -

The Vi­cen­za­oro Win­ter show in Vi­cenza will host a sem­i­nar on Jan­uary 20 con­cern­ing the reg­u­la­tion of min­er­als from ar­eas of con­flict in Africa, in­clud­ing gold. Leg­is­la­tion com­ing into ef­fect in 2014 will in­flu­ence the busi­nesses of thou­sands of jewellers di­rectly or in­di­rectly sup­ply­ing the US mar­ket, and pend­ing leg­is­la­tion that may af­fect com­pa­nies im­port­ing or sup­ply­ing jew­ellery in the Euro­pean Union coun­tries, show or­gan­iser Fiera di Vi­cenza said.

En­ti­tled ‘Con­flict Min­eral Leg­is­la­tion In The Europe And The US: How It Im­pacts On Both The Do­mes­tic And Ex­port Jew­ellery Busi­ness’, the sem­i­nar is be­ing or­gan­ised by Fiera di Vi­cenza, the Re­spon­si­ble Jew­ellery Coun­cil, CIBJO, and Con­find­us­tria Federorafi.

Fiera di Vi­cenza was ac­cred­ited in March 2013 through CIBJO, to plan and im­ple­ment a United Na­tions-en­dorsed Cor­po­rate So­cial Re­spon­si­bil­ity pro­gramme for the in­ter­na­tional jew­ellery in­dus­try.

Ac­cord­ing to the con­flict min­eral rules con­tained in Sec­tion 1502 of the Dodd-Frank Act, pub­licly-traded com­pa­nies in the US, in­clud­ing ma­jor jew­ellery re­tail­ers, will for the first time in 2014, have to file a re­port with the Se­cu­rity Ex­change Com­mis­sion, trac­ing their sup­ply chain. Us­ing a na­tion­ally or in­ter­na­tion­ally recog­nised due dili­gence stan­dard, com­pa­nies will need to de­ter­mine whether their sup­ply chain in­cludes gold sourced from the Demo­cratic Repub­lic of Congo and neigh­bour­ing coun­tries.

An­other leg­isla­tive pro­posal on con­flict min­er­als is be­ing de­vel­oped in the Euro­pean Union and is be­ing led by the Euro­pean Com­mis­sion’s Direc­torate-Gen­eral for Trade. It is ex­pected to build on ex­ist­ing ef­forts and guide­lines like the OECD Due Dili­gence Guid­ance and the US con­flict min­er­als leg­is­la­tion. It is fore­cast that a for­mal reg­u­la­tory pro­posal will be brought for con­sid­er­a­tion be­fore the col­lege of EU com­mis­sion­ers early in 2014.

The sem­i­nar in Vi­cenza will be pre­sented by Cor­rado Facco, manag­ing direc­tor of Fiera di Vi­cenza, and Gae­tano Cava­lieri, pres­i­dent of CIBJO. The pan­el­lists in­clude Marieke van der Mijn, stan­dards co­or­di­na­tor at the Re­spon­si­ble Jew­ellery Coun­cil; Michael Allchin, chief ex­ec­u­tive and as­say mas­ter at the Birm­ing­ham As­say Of­fice and the pres­i­dent of the CIBJO Pre­cious Met­als Com­mis­sion; Philip Olden, who is re­spon­si­ble for manag­ing the devel­op­ment and im­ple­men­ta­tion of re­spon­si­ble sourc­ing pro­to­cols for gold at Signet, the world’s largest spe­cial­ity jew­ellery re­tailer; Maria Benedetta Francescon­i of the Ital­ian Min­istry of Eco­nomic Devel­op­ment, and a rep­re­sen­ta­tive of Con­find­us­tria Federorafi.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.