The Responsible Jewellery Council (RJC) has announced it has agreed a Memorandum of Understanding (MoU) with DMCC to work cooperatively on advancing its shared objectives of improving corporate social responsibility and responsible supply chain efforts in the jewellery supply chain.
With this new partnership, the two organisations will work together to achieve common goals and strengthen collective efforts towards responsible business practices. The DMCC will also be supporting RJC membership growth and certification reach in the UAE.
The RJC has been making progress in the UAE and is committed to working with the local industry and institutions to fully integrate the market. As a key part of this increasing commitment Kinjal Shah, RJC regional director of India and Middle East will work closely with the DMCC and the industry on these efforts.
DMCC is a government entity and sets out to enhance Dubai’s position as the global gateway for commodities trade by creating an environment for business to flourish, providing world class of physical, financial and smart infrastructure as well as services and expertise to build marketplaces for success.
DMCC also encourages its 14,100 member companies to conduct business in a transparent and responsible manner through its regulatory standards.
Under the MoU, RJC and DMCC will:
- Work together to collect data intelligence to manage risk and enhance industry reputation in the UAE.
- Develop methods and bespoke materials to raise awareness and educate the local industry and beyond on solutions to implement robust sustainability efforts and ethical business practices.
- Develop joint communications and outreach programs to promote implementation of responsible business practices through various industry events.
Andrew Bone, executive director of the RJC said, “We are really pleased to work closely with the DMCC to promote sustainability and ethical business practices in the jewellery supply chain in the UAE.
“Together, the DMCC and RJC can leverage each other’s knowledge and expertise regarding the challenges and issues the industry faces to instill a responsible supply chain and promote consumer confidence in the watch and fine jewellery industry. We are looking forward to a rewarding and mutually beneficial collaboration between our two organisations.”