CIBJO and IEG will host a seminar at VICENZAORO September show regarding the impact of new EU conflict minerals legislation on jewellery trade.
After four years of discussion and deliberation, in May 2017 the European Council and European Parliament provided overwhelming approval to Regulation (EU) 2017/821, which will regulate minerals from conflict areas into the European Union. The new legislation will significantly impact the operating procedures of both jewellery companies in the European Union, as well as companies that supply them from outside the EU.
On Sunday, September 24, 2017, CIBJO, the World Jewellery Confederation, and the Italian Exhibition Group will present a seminar intended to provide members of the jewellery trade background on the new legislation and its impact, and present strategies for incorporating the new regulations in their businesses. The seminar will take place at Fiera di Vicenza on the second day of the VICENZAORO September jewellery show, from 10:30 AM to 1:00 PM.
“This is an extremely important seminar,” said Gaetano Cavalieri, President of CIBJO. “The new EU regulations are going to affect a substantial number of the jewellery companies doing business in Europe, and it imperative that they be properly prepared. Our goal is to provide a them with an initial roadmap, and to present the various alternatives that they will have at their disposal.”
The new EU regulation imposes certain due diligence obligations upon companies importing gold, tin, tantalum or tungsten from conflict-affected and high-risk areas. The seminar in Vicenza on September 24 will feature a blue-ribbon panel of expert speakers, representing the European Union, the European precious metals industry, industry standards-setting and monitoring organisations.