The Managing Director of Italian Exhibition Group was elected at the annual congress of CIBJO, the World Jewellery Confederation, held in Bangkok, November 5-7.

Vicenza, 10th November 2017 – Corrado Facco, the Managing Director of Italian Exhibition Group, has been elected Vice President of CIBJO, the World Jewellery Confederation. His nomination was confirmed by a vote of the CIBJO General Assembly on November 7th, meeting on the last day of 2017 CIBJO Congress in Bangkok, Thailand.

During the session, CIBJO General Assembly re-elected Gaetano Cavalieri as President of CIBJO, and for the first time in the Confederation’s history, elected three Vice Presidents: Corrado Facco, Italy; Roland Naftule, USA; and Eli Avidar, Israel. Marc-Alain Christen, Switzerland, was confirmed as CIBJO’s Chief Financial Officer of the Confederation, and a new Board of Directors was elected.

CIBJO President Gaetano Cavalieri, assigned specific responsibilities to each of the three Vice Presidents. Mr. Facco will concentrate on matters relating to Corporate Social Responsibility (CSR) and the sustainability of companies in the jewellery and gemstone sector, with a particular emphasis on advancing the United Nation’s 17 Sustainable Development Goals, as well as helping maintain relationships with international bodies, such as the United Nations and the Global Compact. This assignment, Dr. Cavalieri said, is in recognition of the relationship between IEG and CIBJO, and more specifically of the associated activities carried out in the recent years by Mr Facco with the United Nations and its Economic and Social Council (ECOSOC).

Corrado Facco said: “I am immensely honoured to have been entrusted with this position, which, first and foremost, signals how IEG and VICENZAORO’s role as internationally recognized interlocutors for spreading the values and best practices of Corporate Social Responsibility along the jewellery distribution chain is so greatly appreciated. Business ethics, transparency, sustainability, respect for people and the environment are the key themes for the entire global economy, especially in the luxury sector. During the CIBJO congress, VICENZAORO was actually cited as an example of a marketplace that actively promotes CSR in its sector of reference.

VICENZAORO, one of the world’s leading gold and jewellery Shows, organized by Italian Exhibition Group, has been committed to promoting CSR within the international jewellery industry for several years. Thanks to this effort IEG received formal accreditation, through CIBJO, at ECOSOC, the United Nations Economic and Social Council, for promoting and implementing activities relating to Corporate Social Responsibility along the jewellery and gemstone chain of distribution.

The annually-held CIBJO Congress assembles members of national jewellery and gemstone associations, as well as representatives of leading commercial bodies and international organizations operating in the greater jewellery business worldwide.

The 2017 congress brought together in Thailand some 150 official delegates and 300 participants, and tacklied a wide range of topics, including harmonization of industry standards and nomenclature in the diamond, coloured gemstone, pearl, precious metals, coral and gemmological sectors; responsible sourcing; and Corporate Social Responsibility and sustainability, especially in the coloured gemstone industry.

The Managing Director of IEG, Corrado Facco, was one of the speakers on a panel at the congress dealing with the strategic importance of ensuring the integrity of the chain of distribution in the luxury sector, particularly in view of the latest macro-trends, dictated by younger Millennial and Generation Z consumers, who pay a great deal of attention to sustainability when making their luxury purchasing decisions.

With these dynamics in mind, Mr. Facco suggested formulating a “sustainability charter”, which members of the industry could sign and abide by.

Furthermore, Mr. Facco underlined the need to develop an industry-wide education programme aimed an implementing the principles of sustainability.  This programme could be created on-line under the auspices of CIBJO’s UN-recognized educational arm, the World Jewellery Confederation Education Foundation (WJCEF). Mr. Facco highlighted the importance of making the tools developed to promote sustainability available to all industry participants, and of comparing notes with other organizations like the Responsible Jewellery Council (RJC).

The Managing Director of IEG was also part of a selected delegation, headed by Dr. Gaetano Cavalieri, President of CIBJO, which officially received the Prime Minister of Thailand, General Prayuth Chan-Ocha; Mrs. Apiradi Tantraporn, the Thai Minister of Commerce; and other high-ranking government officials, who attended the opening ceremony of the 2017 CIBJO Congress.

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