Responsible Mine to Market Gemstones
Virtu Gem started as a call for action to sustain the gemstone supply chain at the outbreak of the pandemic. Monica, Jessica and Susan the founders of Virtu Gem combined their cumulative ASM and jewelry relationships then harnessed the benefits of technology to create a new business model. This innovation business model would open markets directly from mining communities to jewelers internationally.
Virtu Gem launched in Zambia, and received a grant from the World Bank`s Extractives Global Programmatic Support (EGPS) trust fund through the Responsible Jewelry Transformative. The grant facilitated a strong business foundation for gemstone miners, traders and cutters, the implementation of CRAFT Code in eight mines, the National Gem Cut workshop, that brought training and facet design development, and carbon tracking data and reduction.
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Virtu Gem was launched under the Responsible Jewelry Transformative (RJT) 501C3. Virtu Gem is now a stand alone social enterprise which continues to uphold the structure of a 10% premium, give back. The alliance of the RJT and VIrtu Gem enables the RJT to facilitate grants, donations and programmatic support to benefit the mining communities where Virtu Gem operates.