Policies & IssuesMar 28, 2022
Tiffany Suspends Use of Russian DiamondsMajorsMar 30, 2022
RJC Executive Director Resigns, Major Companies Exit Over Russia Inaction
Iris Van der Veken has quit while Pandora and Richemont are leaving RJC, citing the council’s soft stance on Russian companies.
Pandora and Richemont announced Wednesday that they have left the Responsible Jewellery Council in protest of the organization’s inaction on Russia, and RJC’s own executive director has stepped down for the same reason.
New York—Pandora and Richemont are leaving the Responsible Jewellery Council, the companies announced Wednesday morning, citing the organization’s refusal to cut ties with Russian companies.
Also on Wednesday, sources confirmed to National Jeweler that RJC Executive Director Iris Van der Veken has resigned over the organization’s handling of Russian diamond giant Alrosa’s membership.
Earlier this month, Alrosa voluntarily stepped down as vice chair of RJC, temporarily leaving the board of directors, but remains a certified member of the Responsible Jewellery Council, according to the organization’s website.
In a press release, Pandora said it had requested RJC suspend Russian companies’ memberships and responsible business certifications and urge its members to stop doing business with Russia, but the RJC did not oblige.
Related stories will be right here …
Also on Wednesday, sources confirmed to National Jeweler that RJC Executive Director Iris Van der Veken has resigned over the organization’s handling of Russian diamond giant Alrosa’s membership.
Earlier this month, Alrosa voluntarily stepped down as vice chair of RJC, temporarily leaving the board of directors, but remains a certified member of the Responsible Jewellery Council, according to the organization’s website.
In a press release, Pandora said it had requested RJC suspend Russian companies’ memberships and responsible business certifications and urge its members to stop doing business with Russia, but the RJC did not oblige.
“We are shocked and saddened by the unprovoked attack on Ukraine, and our thoughts go to the people of Ukraine, who are victims of this senseless act of military aggression,” said Pandora CEO Alexander Lacik.
“The war requires all businesses to act with the utmost responsibility regarding any interactions or business dealings with Russia and Belarus. Pandora cannot in good faith be a member of an association that does not share our values.”
When asked about Pandora's exit and the company's requests in regard to Russia and Russian member companies, RJC sent the following statement to National Jeweler.
RJC said its board of directors has begun an independent, third-party legal assessment in regard to Alrosa’s membership status.
“This process was commenced to consider the status of Alrosa as an RJC member, to ensure that the appropriate action taken, [and] was done so respecting the principles of natural justice and importantly that it was within the powers of the board,” said RJC Chair David Bouffard.
Bouffard added RJC has to act in line with its constitutional and statutory duties and “discharge its responsibilities in good faith.”
“The RJC appreciates that the pace of this process may be frustrating, but this is an unprecedented situation, which is constantly changing and requires that the time be taken, to ensure that due process is followed as exhaustively as possible. It will however be concluded imminently,” said Bouffard.
Pandora has been a member of the trade organization for 12 years.
As of Feb. 24, Pandora said it suspended all business with Russia and Belarus, and directed its suppliers and business partners not to source raw materials, products or services—directly or indirectly—from the two countries.
Richemont, the luxury conglomerate behind Cartier and Van Cleef & Arpels, has also left RJC, according to a Reuters report.
Chief Financial Officer Burkhart Grund made a statement to reporters at the Watches & Wonders show currently happening in Geneva.
“We’re not trying to make a statement per se; we’re trying to uphold the very high standards we’ve been shaping over [the] last 15 years. If RJC cannot uphold [the] highest of standards, then we cannot be part of that. That’s why we stepped down,” said Grund.
Editor's note: This story was updated post-publication to include a statement from RJC.
More on Majors
The Latest
TrendsDec 08, 2023
Pantone’s Color of the Year Is Warm and FuzzyThe peachy hue also marks the program’s 25th anniversary.
AuctionsDec 08, 2023
Sotheby’s Sold All Mary Tyler Moore’s JewelryThe 21 pieces up for auction, including Tiffany & Co. jewels and a Cartier watch, garnered more than $430,000 across two sales.
CollectionsDec 08, 2023
Piece of the Week: A ‘Strong & Precious’ Brooch Centered on a sunny heliodor, the “Links” pin was designed by Ukrainian jewelry artist Inesa Kovalova.
Brought to you by
The Most Important “C” in Diamonds: Confidence!Without the ability to instill confidence within the industry and directly to the consumer, a diamond holds very little value.
Policies & IssuesDec 07, 2023
The G7’s Long-Awaited Statement on Russian Diamonds Is Here It provides a timeline for the implementation of new restrictions, but no details.
Weekly QuizDec 07, 2023
This Week’s QuizTest your jewelry news knowledge with this short test.
ColumnistsDec 06, 2023
On Data: How Are Independents Doing So Far This Holiday Season? Sherry Smith breaks down the numbers on jewelry sales in November and reveals the category that “emerged as a standout.”
AuctionsDec 06, 2023
A Yellow Diamond, Hollywood Jewels Stand Out at Sotheby’s Additional lots will be offered in the Fine Jewels online sale through Dec. 7.
Brought to you by
If It’s Custom, Make It PlatinumWith holiday proposals right around the corner, encourage your customers to go for platinum when making the big purchase.
GradingDec 06, 2023
GIA Debuts Revamped Graduate Jeweler ProgramBy mixing creative and practical skills, the new course hopes to fill the industry’s bench jeweler gap.
AuctionsDec 06, 2023
Verdura Cuff, Burmese Sapphire Shine at Bonhams Several other colored gemstones joined the pieces in the top 10 list.
FinancialsDec 05, 2023
Signet Jewelers’ Q3 Sales Down 12% The retailer is still expecting a strong holiday season with improving demand for natural diamonds.
CrimeDec 05, 2023
Police Continue to Investigate Murder of Colorado Jeweler Peter Damian Arguello, the owner of Peter Damian Fine Jewelry & Antiques, was shot and killed in an apparent robbery last week.
MajorsDec 05, 2023
Tanishq Continues U.S. Expansion With 2 New StoresThe Indian jewelry giant has opened locations in Houston and Frisco, Texas.
SourcingDec 05, 2023
Grandview Klein Awards Two Scholarships in NamibiaEach student was provided with the full amount of tuition for the Namibia University of Science & Technology.
SourcingDec 04, 2023
David Prager To Leave De Beers in 2024Ryan Perry, who has been with De Beers since 2002, also will be leaving the company next year.
WatchesDec 04, 2023
Chrono24 Debuts the ‘Dow Jones’ for Luxury WatchesThe watch seller’s new index tracks sales data from 14 brands, including Rolex and Patek Philippe.
MajorsDec 04, 2023
David Bouffard to Leave Signet, RJCThe industry veteran will step down from both roles in April 2024.
TrendsDec 04, 2023
Amanda’s Style File: Decadent DecemberTanzanite, turquoise, and zircon are all options for December babies, who sometimes “get the birthday shaft,” Amanda Gizzi writes.
Lab-GrownDec 01, 2023
Lightbox Teams Up With Brand Founded by Former Tiffany ExecThe lab-grown diamond brand also collaborated with the website The Future Rocks on a collection launching today.
FinancialsDec 01, 2023
Movado Lowers Guidance Again After Q3 Sales DipThe company said it is facing a “challenging retail environment” but is prepared for the holiday season.
CollectionsDec 01, 2023
Piece of the Week: Muzo’s Emerald and Argyle Pink Diamond NecklaceIt’s the hero piece of the newest "Green Jewel" collection, a collaborative offering from the two mines.
AuctionsNov 30, 2023
This Pink Diamond Reigned Supreme in Hong KongThe 15.48-carat fancy intense “Pink Supreme” topped Christie’s fall jewelry auction in Asia, while a Patek Philippe led the watch sale.
MajorsNov 30, 2023
Claire’s Hires Former Bath & Body Works Exec as CFO, COOChris Cramer, who also spent time at Gen Z intimates brand Parade, will take on the dual role.
AuctionsNov 30, 2023
Sotheby’s To Auction 133-Carat Yellow DiamondThe stone headlining the upcoming sale could fetch up to $5 million.
IndependentsNov 30, 2023
Frank Adams Rolls Out Kwiat’s ‘Mine to Shine’ ProgramThe retail offering lets customers track their diamond’s journey.
SourcingNov 29, 2023
Largest New Diamond Mine of the Decade Coming Online in Angola The Luele mine is expected to eventually make the country the world’s third-largest diamond producer.
SurveysNov 29, 2023
Holiday Shoppers Broke a Record This Weekend, Says NRFFrom Thanksgiving through Cyber Monday, 200.4 million consumers shopped online and in stores.
