Physical and Chemical Geotechnologies

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Volume 4 (2020)

Peculiarities of international and national legislation and modern activity of leading companies in the extraction of colored gems

S. Shevchenko1 & O. Husenko1

Purpose

Study the impact of the peculiarities of international and national legislation in the field of colored gems mining on the success of the world's leading companies in order to activate the gemstone market in Ukraine.

Methodology

Researches were performed by analyzing information from open sources, both scientific publications and annual reports of companies.

Findings

In the modern gemstone market, the state, business and society interact in the economic, political and social spheres. They actively influence the support of civilized trade rules both through the joint creation and implementation of economic development strategies (codes of ethics, fair trade rules, traceability of supply chains) and through the organization of charitable foundations, corporate social responsibility, social entrepreneurship.

All leading companies focus on the acquisition of key assets (areas and deposits of gems, or existing mining companies), their further development, improving the working conditions of workers, creating or improving the social conditions of local residents. As part of the adopted strategies, companies conduct business on the principles of transparency, responsibility, sustainable development.

Researches were conducted as personal initiative of authors.

Keywords: colored gems, responsible mining, sustainable development, traceable supply chain

References
  1. Archuleta, J.-L. (2016). The Color of Responsibility: Ethical Issues and Solutions in Colored Gemstones. Gems & Gemology, 52(2), 144-160. http://doi.org/10.5741/gems.52.2.144
  2. Léa Collet, Laura Curtze, Kathrin Reed. Responsible Sourcing of Colored Gemstones. – Graduate Institute of International Development Studies, Graduate Institute of Geneva. Applied Research Seminar Report. – December 2013. – 71 pp.
  3. Paul Shortell, Emma Irwin. Governing the Gemstone Sector: Lessons from Global Experience. – Natural Resource Governance Institute. – May 2017. – 72 pp.
  4. Brecken Branstrator. Analysis: The State of the Colored Stone Market // National Jeweler. – October 2017.
  5. Andrew Lucas, Duncan Pay, Shane McClure, Marcelo Ribeiro, Tao Hsu, Pedro Padua. The Belmont Mine and an Emerald’s Journey from Mine to Market. – GIA, May 2015.
  6. Molly Lempriere. Gemstone mining map // Mining Technology. – April 2019. https://www.mining-technology.com/features/gemstone-mining-map-2/
  7. Scarlett Evans. The cost of crystal mining // Mining Technology. – December 2019. https://www.mining-technology.com/features/the-cost-of-crystal-mining/
  8. Шевченко, С.В., Баранов, П.М. (2020). Аналіз світового ринку кольорового дорогоцінного каміння і значення стратегій компаній-лідерів для створення цивілізованої торгівлі. Коштовне та декоративне каміння, (2), 4-13.
  9. Шевченко, С.В., Баранов, П.М. (2020). Міжнародні механізми управління на ринку дорогоцінного каміння. Коштовне та декоративне каміння, (3), 16-23.