The first round of public consultation on the update of the Responsible Jewellery Council Chain of Custody Standard opened on Monday 17 October 2022.
Round one of public consultation will remain open for 60 days and end on Monday 19 December 2022.
Round two of public consultation will open in early 2023, once amendments have been considered, and last for a further 60-day period.
If specific, substantive, unresolved issues persist, or in the event that insufficient feedback is received, a third round of public consultation will be opened for 30 days.
Responsible Jewellery Council (RJC) began reviewing the Chain of Custody (CoC) Standard this year.
The update addresses various points, including: Removing repetition with the Code of Practices (COP) [OECD COP 7 due diligence requirements, COP 12 KYC, internal material controls]; a potential review of recycled definition to include investment; and incorporating RJC supplementary guidance.
More specific information on the suggested amendments can be found in the draft of the CoC on the RJC website.
This is a full revision of the CoC, which is conducted every five years as per the ISEAL standard setting code and procedures.
Following the ISEAL standard, RJC has consulted with industry experts prior to opening public consultation.
Once public consultation closes, the CoC will be reviewed by the multi-stakeholder RJC Standards Committee.
RJC welcomes all comments from any stakeholders in general and/or specific provisions or amendments during this public consultation period.
All comments can be submitted via the web form available on the RJC website.
The CoC Standard is voluntary for all RJC members who handle gold, silver and platinum group metals, defining an approach for companies to handle and trade these metals in a way that is fully traceable and responsibly sourced.
CoC certification complements certification against the RJC’s Code of Practices, which is mandatory for all RJC members.
RJC began reviewing its Code of Practices in 2021 and, following round one of public consultation, RJC has provided a summary of all comments and amended the draft Code of Practices 2019 – both of which are available on the RJC website.
From small to medium sized enterprises (SMEs) to large companies, the RJC standard is applicable to all industry members in the global jewellery and watch supply chain.
The development of the standard is directed by RJC’s Theory of Change, otherwise known as the Roadmap to 2030.
The roadmap defines what RJC aspires to achieve as an organisation in partnership with its members by 2030 through the implementation of the 2019 Code of Practices.
RJC is the world’s leading standard-setting organisation for the global jewellery and watch industry.
Members of the RJC are helping to transform supply chains to be more responsible and sustainable – catalysing partnerships, underpinning trust in the global jewellery and watch industry, and securing a future that can be treasured for generations to come.