Sustainability ppt on diamond cutting, jewelry and precious metals

1. Xavier Institute of
Management, Bhubaneswar
Sustainability practices across Industries

2. Submitted by –
Group 8
Aman Purohit (UM15099)
Raunak Avlani (UM15100)
Rahul Jena (UM15101)
Rajat Agarwal (UM15102)
Rashmi Gupta (UM15103)
Sustainability in diamond cutting, jewelry and
precious metals

3. Sustainability as a Strategic
Objective

4. Diamond cutting
Environmental
Economic
Social
Benefits of
sustainability in the
diamond sector
Regulations
and legislation
• UN Guiding Principles on
Business and Human Rights
• International Labour
Organisation (ILO) Core
Conventions
• UK Bribery Act 2010
• Foreign Corrupt Practices
Act (FCPA) of 1977
• Kimberley Process
Certification Scheme
(KPCS)
• EU Regulation on
Integrated Reporting

5. SA 8000
 World’s first auditable social
certification standards for decent
workplaces
 Based on the UN Declaration of
Human Rights, conventions of the
ILO, UN and national law
 Objective is to create a common
measure for social performance
 It is an Occupation Health
and Safety Assessment Series
for health and safety
management systems
 To help an organizations to
control occupational health
and safety risks
 Developed in response to
widespread demand for a
recognized standard
Kimberley Process
Certification Scheme
(KPCS)
Participating states must
meet ‘minimum
requirements'
Must put in place national
legislation and institutions
It imposes extensive
requirements on its
members to enable them to
certify shipments of rough
diamonds
International shipments of
rough diamonds must be
accompanied by a KP
certificate

6. External Initiatives
Best Practice Principles
(BPP) of De Beers
 The BPP is an industry initiative
aimed at evidencing ethical
practices throughout the
diamond value chain to
address social, employment,
business, health and safety and
environment issues throughout
the diamond pipeline
 De Beers launched the BPP
Assurance Program in 2005
making compliance to the
standard a contractual
condition of supply to De Beers’
customers and a requirement
for all entities within the De
Beers Group
Responsible Jewellery
Council
 Promotes responsible
practices throughout the
value chain. The RJC aims to
harmonize other standards
through the RJC certification
system
 RJC Members commit to
and are independently
audited against the RJC
Code of Practices
 The Code of Practices
addresses human rights,
labour rights, environmental
impact, mining practices,
product disclosure etc

7. WDC
 The primary objective of the WDC is
to control the trade in diamonds
embargoed by the United Nations or
covered by the Kimberley Process
Certification Scheme
 Has established the System of
Warranties which extends the
effectiveness of the Kimberley Process
beyond the export and import of
rough diamonds;
 Assists the Kimberley Process by
managing the resources of the
diamond industry to provide
technical, financial and other
support;
World
Jewellery
Confederation
(CIBJO)
• It represents the interests of all
individuals, organisations and
companies earning their
livelihoods from jewellery,
gemstones and precious metals
• It covers the entire industry from
mine to marketplace
Solidaridad and project
partner Minera
Yanaquihua S.A.C.
Solidaridad and MYSAC
established a unique
partnership for Responsible
Jewellery Council certification
at MYSAC, and better
practices among artisanal
miners

8. JEWELLERY
Risk Reduction
Link to
innovation
Access to
finance and
international
networks
Proud network of
involved
employees
Environmental,
Social,
Economic
Benefits
RJC Standards: Supporting
Responsible Sourcing in the
Jewellery Supply Chain (India)
• Aims to support claims for
responsibly-sourced jewellery
materials (known as CoC
Material) produced, processed
and traded through the
jewellery supply chain
• Builds on RJC Code of Practices
(COP) by requiring the COP (or
equivalent) as a companion
Certification
• Uptake mainly with refiners at
present (13) and more in the
pipeline
• Refiners can use the RJC CoC
standard to be audited
according to the OECD Due
Diligence Guidance
• Cross-recognition with LBMA ,
DMCC and Conflict-free
Sourcing Initiative

9. Barbara Michelle Jacobs
(USA) – Sustainable Practices
 Encourages fair trading
 Ensures that sources promote worker
well being while supporting the local
community and economy
 Responsible sourcing is advocated
 Believes that jewelry should not
come at high environmental and
social costs
Reducing
inputs
Reducing
Land
disruption
Reducing
Output
Preventing
Acid rock
drainage
Restoring
mine sites
Precious Metals
 How can mining become sustainable?

10. Dundee Precious
Metals
 They have identified
following sustainable
development goals
 Attempt to comply
with international best
practice in
environmental
management
 Improvement in facility
performance, design
and operational safety
 Continued integration
of community
sustainability projects
into normal mining
operations
Bario Neal
• They use 100%
reclaimed precious
metals derived from
recycled jewelry or
industrial materials
• Fairmined Gold
certification - To
certify that gold has
been ethically
extracted by miners
who are certified
under the Fairmined
standard.
IRMA
• IRMA is designing
a Responsible
Mining
Assurance
System
• It expects to
begin certifying
mine sites in 2017
so that
companies can
support the
mining of
minerals and
metals that is
consistent with
healthy
communities
and environment

11. References
 ASME VIII Division 1, ASME diamond cutting Code
(1993) Rules , ASME New York.
 Bickell, M. B. and Ruiz, C. (1967) Diamond cutting
design and Analysis, Macmillan, London.
 Mining Engineering Failure Analysis, vol 3, no 3.
1996. pp.157-170.
 Accidents in polishing of metals: hazard
awareness; Temilade Ladokun, Farhad Nabhani
and Sara Zarei ; Proceedings of the World
Congress on Engineering; 2010 Vol II
 WCE 2010, June 30 - July 2, 2010, London, U.K.
 Bickell, M. B. and Ruiz, C. (1967) sustainable
Design and Analysis, Macmillan, London.