How luxury watch brands are becoming more sustainable and ethical, from Tag Heuer’s lab-grown diamonds and solar-powered movement, to Van Cleef & Arpels ‘designing out waste’
- Sustainability was a hot talking point at Watches and Wonders 2022, with millennial and Gen Z consumers seeking ‘purpose-driven brands’ that showcase their inner values
- Van Cleef & Arpels has a vision of responsible sourcing and raw materials while Chopard has started skipping out on newly mined diamonds from Russian entities
Watches and Wonders has been described as watchmaking’s “global summit”, introducing not only novelties but also looking at the future of the industry. Certainly the watchwords of this year’s panel discussions – transparency, circularity, responsible sourcing – were echoed by exhibitors throughout the fair. Nicolas Bos, CEO at Van Cleef & Arpels, spoke of the significant elements in this vision, including responsible sourcing of raw materials, and using renewable energy and recycled materials.
Change, he says, is coming from within, rather than being consumer-led. “We are doing a lot of things, but we know that we are not perfect across the board and the problems we are working on don’t have easy solutions.”
“Van Cleef & Arpels supports a circular economy concept in the deployment of its activities, which means that wherever possible, it avoids a linear ‘take, make, dispose’ system and supports innovative circular models, which aim to keep products, components and materials at their highest utility and value at all times, and to design out waste.”
Issues with the sourcing of raw materials and the integrity of supply chains have already impacted the industry, particularly in relation to gold mining and diamond acquisition.
Chopard, as a major jeweller and watchmaker, came under intense scrutiny on both counts and has stepped up its efforts. A critical look at the supply chain has influenced the brand, which presented its ethical gold initiative, which benefits artisanal miners in South America.
“It’s not just philanthropy,” said Patricia Evequoz, the brand’s head of corporate sustainability.