The World Jewelry Confederation Hosts Conflict Minerals Event

The World Jewelry Confederation of the United Nations organization CIBJO, is hosting a pivotal seminar for the sourcing of raw minerals deriving from areas of extreme conflict in Africa. The event launches Monday, January 20, 2014 in Vicenza during the international gold jewelry trade fair, Vicenzaoro Winter. The exhibit will draw thousands from the jewelry industries with its expansive selection of gold, silverware, metals, and watches. 

The convention announced as the "Conflict mineral legislation in Europe and the United States: How it impacts on both the domestic and export jewelry business,” will be conducted by Fiera di Vicenza, the Responsible Jewellery Council, CIBJO-the World Jewelry Confederation, and Confindustria Federorafi. Following the new year, corporations will be pressured by U.S. legislative act Dodd Frank Wall Street and Consumer Protection Act SEC 1502, regarding the mitigation and consumption of Conflict Minerals in industry supply chains. The law will directly and indirectly impact international corporations and partners of the U.S. The deadline for final reporting and the execution of Due Diligence for publicly traded U.S. companies is due May 31, 2014. 

The conference will educate jewelry agency’s on the gravity of Conflict Minerals and what to expect from the implementation of the UN’s future legislation. CIBJO maintains confidence in developing a Corporate Social Responsibility act endorsed by the UN for the worldwide jewelry trade and its manufacturers. 

The Democratic Republic of the Congo and its surrounding Eastern Provinces are high risk areas of conflict for the minerals. The raw materials are monopolized by armed guerrilla groups who exploit masses of innocent civilians for mining labor without wages. The implementation of Dodd-Frank will enforce supply chain transparency and demand the Due Diligence of industries to support Human Rights, rather than abuse it. 

With the demand for quality due diligence at an all time high because of the implementation of Dodd-Frank, many companies are turning to Source Intelligence for their supply chain transparence needs. To see a free demo of what their turn key solution can do for your company, click HERE.