GCAL Pledges $50,000 to CIBJO

The Gem Certification & Assurance Lab, Inc. of New York, has pledged a gift of $50,000 to CIBJO, the World Jewellery Confederation.

The pledge was made during a special meeting of CIBJO members, held last month in Geneva, where CIBJO members and jewelry industry members met under the auspices of the UN Development Program, and with the encouragement and support of the UN’s Economic and Social Council, to discuss how to help initiate, advance, coordinate and support educational projects that will help to get budding, sustainable jewelry industry projects on their way.

“There is evidence that shows the jewelry luxury consumer can provide the economic support on one end of the channel of distribution so that the other end, the businesses and employees in the producing and developing nations, can benefit,” said Michael R. Haynes, chief executive officer of Collectors Universe. GCAL is a subsidiary of Collectors Universe, a U.S.-based provider of services to the collectibles and diamond and colored gemstone markets.

CIBJO president Gaetano Cavalieri added, “‘We are grateful for the gift and satisfied that companies operating in this industry recognize the need to sustain and advance the well-being of those people who are part of the lower end of the production and supply pipeline, to assure that these people can earn a sustainable income and lead meaningful lives.”