Sustainability > Associations
The National Federation of Emeralds of Colombia, FEDESMERALDAS, is a union entity founded in 1988 with the purpose of developing, representing, defending and guiding the Colombian emerald industry, from the principles of ethics and unity. It has the highest recognition as an association within the union in the country and brings together the largest number of formal actors in this production chain. It administers the National Emerald Fund, which by law collects a parafiscal tax in the order of 1% of all exports of this stone. These resources are invested with a strict policy of transparency and honesty with a specific destination on three programmatic axes: promotion of emeralds in their production, transformation, commercialization and export phases; development of projects aimed to increase competitiveness and, finally, the advancement of community and social development initiatives in the emerald production region.
It is the initiative for the Transparency of Extractive Industries that promotes open and responsible management of mining resources, framed in an international standard for the oil, gas and mining sectors. Since 2016 we have reported financial information, taxes, royalties and social investment to EITI, thus contributing to transparency in the use of financial resources.
The ACM is the union that represents exporters, producers and suppliers of goods and services in the mining sector in Colombia with the purpose of creating an awareness of responsible and sustainable mining. We are the only members of the emerald mining sector in Colombia.
The Muzo Companies Colombia joined the initiative created in 2015 by the world’s leading luxury jewelry brands and gem mining companies, this working group is made up of: Cartier, Gemfields, Kering, LVMH, Swarovski, Tiffany & Co., Van Cleef & Carpels and Richemont. The purpose of this unique alliance is to enable companies of all sizes and at all levels of the colored gemstone supply chain to incorporate sustainability into their businesses and build consumer confidence in the sourcing and responsible production of colored gemstones.
The Global Reporting Initiative (GRI) is an international non-governmental organization, which aims to promote Sustainability Reports as a tool for planning, measuring, evaluating and communicating progress and impacts on the social, economic and environmental aspects of an organization. Since 2017 we have been reporting our financial, social and environmental progress through the annual presentation of Sustainability Reports.
The purpose of CIBJO, the World Jewelry Confederation, is to promote international cooperation in the jewelry industry and address issues that concern the world market. One of the first issues is the protection of consumer confidence in the industry. CIB]O pursues these goals through informed deliberation, decisions made in accordance with its statutes, and proactive communications with national member organizations. The CIBJO functions as a knowledge center, decision-making body and advocate for the well-being of the jewelry industry worldwide. It relies on the initiative of its national member organizations to support and carry out decisions and protect public confidence in the jewelery industry. CIBJO is essentially the United Nations of the diamond, gemstone and jewelery business, ensuring direct and indirectly the interests of literally millions of men and women whose lives depend on them.
