Central Mega Kencana Ensures Implementation of Good Governance Principles in Its Jewellery Business
JAKARTA, KOMPAS.com - Central Mega Kencana (CMK), the jewellery group encompassing MONDIAL, Frank & co., and The Palace Jeweler, has reaffirmed its commitment to consistently and comprehensively applying good governance principles throughout its entire business ecosystem, meaning adherence and compliance with government regulations.
For CMK, good corporate governance is the primary foundation for building trust, maintaining reputation, and ensuring long-term business sustainability in the jewellery industry. These principles are implemented in a structured and disciplined manner.
“We ensure that every operational aspect, from tax and customs compliance, responsible sourcing, to preventing money laundering, is carried out in a disciplined and transparent manner,” stated in a press release on Thursday (19/3/2026).
Petronella added that trust is the greatest asset in the jewellery industry.
Therefore, the company upholds its commitment to maintaining high governance standards and ensuring that all obligations to the state are fulfilled with full responsibility.
“Every diamond we use comes from legitimate and conflict-free sources, and every transaction is conducted accountably. We believe that strong governance is the key to building a long-term legacy,” she continued, emphasising.
CMK’s governance principles are implemented through three main pillars targeting various aspects of jewellery business operations.
CMK carries out responsible business management that complies with applicable tax and customs regulations in Indonesia.
As part of this commitment, CMK consistently fulfils its obligations in paying taxes and duties transparently.
Although limitations in local diamond supply require CMK to import diamonds and gemstones from various countries, the import process is conducted officially, responsibly, and in accordance with applicable legal provisions.
This compliance is an important part of CMK’s good governance practices in maintaining the trust of regulators, partners, and consumers.