"Since launching the company's first Corporate Social Responsibility Report in 2008, we have made significant progress in delivering on our commitments. This year we reiterate our support for the Ten Principles of the United Nations Global Compact and the RJC Principles, which continues to guide the CSR programmes in which we invest.

We have understood that Corporate Social Responsibility is a synonym for constant reflection and learning and that a sustainable future depends on solid partnerships with all our key stakeholders."

Unfortunately the financial crisis of 2009 demanded reorganisation. Against this backdrop, the word 'sustainability' takes on new importance. One thing is very clear, CSR does not lose its relevance in an economic downturn. In fact, it becomes more important because the stakes are so much higher.

Much of what we report here is positive despite the challenging global economic climate. In 2009, we continued to invest in CSR projects; one of our prime activities was to prepare for our application for certification to the Responsible Jewelry Council. We participated with De Beers and SGS on a Pilot project to understand where we stand today as a corporate socially responsible player in the supply chain. Another important project was the collaboration with the team of United Nations Global Compact on how to improve our practices on the basis of the 10 Principles, including a case study on integrating SA 8000 and other voluntary initiatives as a tool to implement the UN Global Compact Principles.

In 2009 we took up our engagement with the outside world to a new level. We participated in several initiatives to promote a more sustainable diamond supply chain and we contributed to different forums across industries to learn and share about best practices. In 2009 we had our first 2 majority contractor audits. Certainly, there is still much that needs to be done towards our minority contractors, but this was definitely an important milestone in our CSR journey. We also initiated different projects focused on Human Rights and Women Empowerment programmes. And finally we continued our internal safety audits and improved comprehensive health and safety prevention plans.

My great appreciation goes to the Group Associates, the Group Executive Management, the CSR Advisory Board, the UAMS, the personal advisor of the CEO, my CSR executive Compliance Coordinator, the Global Corporate Compliance Team and all our employees for their drive and ongoing support. I would like to acknowledge the tremendous efforts of each and every compliance officer and their teams who did make it happen! They implemented our internal CSR model from the ground up and remain equally dedicated to and involved in our CSR journey. A special word of thanks to: Francis Lappen, Keshav Tahilramani, Palitha Jayasekera and Francis Abraham for their continuous guidance and encouragement.

We see this report as a continuation of our dialogue with all our stakeholders and how, as a corporate citizen, we are addressing some of the key issues and trying to make lasting improvements in how people live and work.

We invite you to submit your comments and ideas on our progress to date and we welcome your feedback on the challenges we still face: csr@rosyblue.com.

Yours sincerely,

Iris Van der Veken
Manager Corporate Affairs Global
Chair United Nations Global Compact Network Belgium

Reporting approach: We are committed to achieving accurate reporting and verification

This is our second corporate social responsibility (CSR) report. It covers the year ended 31st December 2009.

Relevant CSR data from the past and data between 31st December 2009 and the date of issue of this report are clearly indicated in the footnotes.

This report is completely made internally including all content and design.

Our report is based on the standards of the Global Reporting Initiative (GRI). The GRI is an independent organisation that aims to develop, promote and distribute a global accepted and standardized framework for all types of CSR reporting. Although we have not declared an application level for this report, we have included the index at the end of our report for informative purposes.

Since 2008 Rosy Blue has supported the United Nations Global Compact (UNGC), which brings businesses together with UN agencies, labour organisations, civic organisations, and governments to advance 10 universal principles in the areas of human rights, labour, environment, and anti-corruption. The commitment to these principles is further outlined in this report.