The Diamond Box - The Facts

The Diamond Box - The Facts

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It was likewise beginning application in the Autonomous Republic of Congo. A variety of actors in the jewelry industry has supported the DDI, including De Beers, Tiffany and Co., Cartier, and Rio Tinto. In the future, the Effort for Accountable Mining Assurance (IRMA) will offer jewelry companies an additional resource of responsibly-sourced valuable minerals and treasures.


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IRMA's focus is industrial, instead of small-scale or artisanal mines. The IRMA standard concentrates on social and environmental methods of mines, and has actually been established by a broad stakeholder group that includes mining companies, jewelry experts, and various other "downstream customers," nongovernmental companies, impacted neighborhoods, and labor unions. In 2018, IRMA is providing a launch phase of certification for interested mines.


Nevertheless, some refiners agree to segregate gold for processing, commonly at additional cost. Refiners including PX Prcinox (Switzerland), Metalor (Switzerland), S&P Trading (France), and gussa (Austria) all refine Fairmined gold, segregating it from the other gold that they refine. Use recycled gold can help avoid the civils rights risks and environmental harms connected with newly-mined gold, as long as business perform due persistance; nevertheless, using recycled gold is not safe either, as it can be used for cash laundering or incorrectly classified as reused.


When preparing this report, Person Rights Watch sent out letters to the 13 companies profiled below, inquiring concerning their policies and techniques in connection to human legal rights due persistance and the sourcing of their gold and diamonds - Seiko Watches. These 13 companies were picked to consist of some of the sector's largest and best-known fashion jewelry and watch companies and to show different geographic markets

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Additionally and as discussed over, Civil rights Watch thinks that jewelry firms must take part in initiatives to support and source from accountable, rights-respecting artisanal and small-scale mines. Based on a firm's performance when it come to these standards, we have suggested whether the firm is taking strong, moderate, weak, or very weak steps towards accountable sourcing.


Below is an introduction of searchings for, complied with by an in-depth summary of each business. Herbelin Watches. Annex 1 consists of a table with recap info on all business in connection with the criteria. Some of the jewelry companies analyzed have made essential efforts to responsibly source their gold and diamonds, while others have taken much weak actions, or divulge nothing regarding their initiatives to resource gold and diamonds sensibly




Bulgari can trace its gold to 2 refiners that are accredited under the RJC's Chain-of-Custody Standard, yet does not share information on mines of beginning. Cartier and Chopard have chain of guardianship for a fraction of their gold supply. Cartier, for instance, purchases the whole result of a "model mine" in Honduras.

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Under this structure, where companies can not trace their material completely back to the mine, they should require upstream providers such as gold refiners to supply them with in-depth evidence that they have conducted due persistance in their supply chain. Four business examinedBulgari, Pandora, Signet, and Tiffany and Co.


However also these evaluations were limited. Bulgari acknowledged that it is not calling for providers to divulge their gold full supply chain to them, yet depends on their certification under the RJC's Chain-of-Custody Requirement. Signet and Pandora largely depend on RJC audits against the weak Code of Practices to assure themselves that their vendors have actually completely assessed dangers.


One firm that attracts attention is Pandora, which releases a yearly principles report that includes an introduction of noncompliance problems identified with its provider audits. Posting information regarding a company's suppliers supplies consumers and capitalists more significant info regarding the resource of fashion jewelry and watches and sends out a message that companies agree to be answerable when human rights abuses are discovered in their supply chain.

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Boodles, Pandora, Signet, and Tiffany and Co. state that they are exploring the opportunity of sourcing from small and artisanal mines in the future. We examined each business against the criteria for responsible sourcing outlined over, based upon the info they provided directly, as well as information that is publicly available.




A comprehensive analysis of each business appears in the following area, and a table providing an introduction over the efficiency of all 13 firms can be located in the record annex - Seiko Watches. Tiffany and Carbon monoxide, established in 1837, is a high-end jeweler with over 300 shops across 27 countries. Its 2016 profits was around $4 billion, with precious jewelry standing for 92 percent of its globally sales


Tiffany replied to Civil rights Watch's ask for info with a composed, thorough letter and met with Civil rights Watch team personally. Tiffany and Co. states that it is "committed to reducing environmental impacts, respecting civils rights and contributing in a positive means to the neighborhoods where we run." Tiffany and Co.


Tiffany has partial chain of safekeeping over its diamonds, and can map a few of its rubies to certain mines. It does not publish the outcomes of audits or exactly how it reacts to situations of disagreement. On the basis of available details, Human Rights Watch thinks about Tiffany and Co. to have actually made strong efforts to make sure human civil liberties due persistance.

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Chain of protection: Tiffany and Co. has full chain of guardianship over its gold supply chain. Twenty-seven percent of its gold originates from a single mine in Utah, original site the Bingham Canyon Mine, and the remaining 73 percent originates from recycled sources. It sources every one of its recycled gold from one supplier, which has the capability to segregate gold from mined and from recycled sources.


Boodles, Pandora, Signet, and Tiffany and Co. state that they are checking out the opportunity of sourcing from small and artisanal mines in the future. We evaluated each business versus the standards for liable sourcing laid out over, based upon the details they gave straight, in addition to details that is publicly available.


An in-depth analysis of each company appears in the next section, and a table supplying a summary over the performance of all 13 business can be found in the record annex. Tiffany and Co, founded in 1837, is a luxury jeweler with over 300 shops throughout 27 countries. Its 2016 income was roughly $4 billion, with fashion jewelry representing 92 percent of its worldwide sales.

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Tiffany reacted to Civil rights Watch's ask for info with a composed, thorough letter and met Human Rights Watch staff in individual. Tiffany and Co. mentions that it is "dedicated to decreasing environmental impacts, respecting civils rights and contributing in a positive way to the areas where we run." Tiffany and Co.


Tiffany has partial chain of custodianship over its rubies, and can trace some of its rubies to certain mines. It does not release the outcomes of audits or exactly how it reacts to situations of disagreement. On the basis of offered information, Civil rights Watch takes into consideration Tiffany and Co. to have made strong initiatives to make certain civils rights due diligence.


Chain of custodianship: Tiffany and Co. has complete chain of custodianship over its gold supply chain. Twenty-seven percent of its gold originates from a single mine in Utah, the Bingham Canyon Mine, and the continuing to be 73 percent originates from recycled resources. It sources every one of its recycled gold from one provider, which has the capacity to segregate gold from mined and from recycled resources.

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