International News
CIBJO Special Report calls for unified sustainability agenda in jewellery industry
 
																								
												
												
											With few weeks to go before the 2025 CIBJO Congress opens in Paris on 27 October, the second pre-congress Special Report has been released. Prepared by the CIBJO Sustainable Development Commission, led by John Mulligan, the report addresses the challenges of creating a unified sustainability framework for a jewellery industry marked by vast geographic, product, and company diversity.
As the global jewellery industry grapples with responsible sourcing, environmental stewardship, stalled socio-economic development, and inequalities of opportunity, the need for a broadly agreed, collaborative approach to sustainability has never been more urgent
He cautioned that fragmentation across geographies and business models, along with politicisation of sustainability issues and short-term thinking, continues to hinder meaningful progress.
To help companies align with international standards, CIBJO announced it will release a series of updated tools free of charge on its website, including:
An updated Responsible Sourcing Blue Book with a revised toolkit aligned with OECD Due Diligence Guidance.
A new Sustainability & ESG Reference Guide covering key aspects of the global agenda as it applies to jewellery.
The ESG Wheel with additional materiality assessment guidance, tailored also for small and medium-sized businesses.
The Commission also introduced a “Sustainability Practice Group,” made up of sustainability experts and advisors from within CIBJO’s membership, to ensure tools remain relevant and effective.
International News
Titan Forms New UAE Subsidiary to Drive Damas Acquisition and Consolidate GCC Jewellery Business
Titan Establishes Signature Jewellery Holding in Dubai to Finalize Damas Deal
 
														Titan Company Ltd. is moving forward with its expansion in the Gulf Cooperation Council (GCC) region by setting up a new step-down subsidiary, Signature Jewellery Holding Limited (SJHL), based in the Dubai International Financial Centre (DIFC), UAE.
The formation of SJHL marks a key step in consolidating Titan’s regional jewellery interests, specifically related to its Damas acquisition.
The new DIFC entity will serve as the holding company for Titan’s entire jewellery business across the GCC countries. It falls under Titan Holdings International FZCO, a wholly-owned subsidiary of Titan.
Titan Holdings International FZCO previously agreed to acquire a 67% stake in Damas LLC, which houses the Damas jewellery business in the GCC. The remaining 33% is slated for acquisition after December 2029, subject to agreed terms.
The company anticipates that the proposed transaction will be completed by January 31, 2026. This strategic move solidifies Titan’s commitment to the Middle East market and centralizes the management of its newly acquired Damas operations.
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