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CIBJO Special Report calls for unified sustainability agenda in jewellery industry

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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.

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DiamondBuzz

Diamond Slump forces Debswana to diversify into copper, platinum and solar

Diamond-centric mining models is giving way to broader resource portfolios

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Debswana Diamond Company, the 50–50 joint venture between the Botswana government and De Beers, is moving to diversify into copper, platinum and renewable energy as the prolonged downturn in natural diamond demand pressures earnings and forces the industry to rethink its growth strategy.

The company’s board has approved plans to invest in a portfolio of non-diamond projects after revenue fell 46% in 2024, the latest available financial year, highlighting the scale of the downturn in the global diamond market.

The move signals a strategic shift toward commodities with stronger long-term demand fundamentals, particularly copper, which is central to global electrification and energy-transition infrastructure.

Debswana’s diversification reflects a broader industry pivot as diamond producers confront weak consumer demand, rising competition from lab-grown stones and elevated inventories across the supply chain.

The shift is also visible among smaller exploration companies. Botswana Diamonds recently rebranded as Botswana Minerals, signalling its own strategic focus on copper exploration rather than diamonds.

Together, these moves underscore a growing consensus across the sector: the era of diamond-centric mining models is giving way to broader resource portfolios anchored in energy-transition metals.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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