The Responsible Jewellery Council (RJC), global standards-setting and certification organisation for the entire jewellery supply chain, announced it had agreed on a Memorandum of Understanding (MoU) with DMCC to work cooperatively on advancing their shared objectives of improving corporate social responsibility and responsible supply chain efforts in the jewellery supply chain.
RJC welcomes this new formal relationship with DMCC, through which the two organisations will work together to achieve common goals and strengthen collective efforts towards responsible business practices, supporting RJC membership growth and certification reach in the UAE. The RJC is making good progress in the UAE and is committed to working with the local industry and institutions to fully integrate with this market. As a key part of this increasing commitment Kinjal Shah, RJC Regional Director of India and the Middle East will work closely with the DMCC and the industry on these efforts.
DMCC is a government entity and the world’s most interconnected Free Zone, dedicated to enhancing 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 and strong alignment with global entities such as the RJC.
Under the MoU, RJC and DMCC will:
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.”
“At DMCC, we believe that a CSR roadmap is a step-by-step process of continuous improvement and collaboration with key global entities. This MoU with RJC is an important milestone for us that will enhance a better future of trade for all, and we are proud to lead this process in the UAE in close partnership with the RJC”, said Ahmed Bin Sulayem, Executive Chairman, DMCC.