Richemont has withdrawn from the Responsible Jewellery Council in reaction to the organisation’s continued links to Russia.
Cartier CEO and president Cyrille Vigneron confirmed the news to journalists at Watches and Wonders in Geneva yesterday.
Reuters broke the story, quoting Mr Vigneron as saying: “It is not part of our Richemont values to be part of an organisation in which some members are supporting conflicts and wars.”
Richemont CFO Burkhart Grund was also quoted, adding: “We’re not trying to make a statement per se, we’re trying to uphold the very high standards we’ve been shaping over last 15 years.
“If RJC cannot uphold highest of standards, then we cannot be part of that. That’s why we stepped down.”
