The Diamond Box - Questions

The Diamond Box - Questions

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If providers stop working to fulfill the Suppliers' Code of Conduct, the firm might end agreements with those distributors, and has actually done so in several instances. Tiffany previously sourced from the Octea diamond mine in Sierra Leone, which has been related to allegations of labor civil liberties misuse and corruption; however informed Civils rights View that it stopped sourcing from Octea in March 2017.


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Assistance for artisanal and small mining: Tiffany and Co. has given financial backing for the Diamond Growth Campaign and the Institute for Atmosphere and Development to aid define and promote responsible artisanal mining in both the diamond and gold markets. It does not source from artisanal mines yet states that it is exploring the opportunity of sourcing artisanally-mined steels that have been accredited by third events as sensibly handled, and intends to start such purchase soon.


The company has about 200 stores around the world. LVMH's precious jewelry companies had an overall earnings of $3.4 billion in 2016; the revenue of private firms is not made public.


Bulgari's moms and dad company, LVMH, has a much more thorough Distributor's Code of Conduct with arrangements on labor civil liberties and setting that also put on Bulgari. LVMH's Code was under modification in late 2017 and Bulgari has informed Civils rights Watch that it will assessing its Code of Ethics to mirror the changes.

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The risk assessment also includes check outs around when a year to nations where Bulgari sources or is considering sourcing, which are taken into consideration extra risky. In October 2017, Bulgari specified that it intends to collaborate with distributors to strengthen and enlarge its due persistance processes, to ensure it relates to the entire supply chain, including on-the-ground mine analyses.


When Bulgari locates that a provider is not in conformity with its requirements, the business says it typically gives the supplier between one and six months to remedy the trouble. Third-party confirmation: Bulgari is certified against the Code of Practices and the Chain-of-Custody Criterion of the RJC. Bulgari specifies that it carries out third-party audits of its distributors.






It shared the names of its gold vendors with Human Legal rights Watch on a private basis. Assistance for artisanal and small-scale mining: Bulgari does not take part in a dedicated program to resource from artisanal and small-scale mines or support campaigns for responsible small mining. Cartier was founded in Paris in 1847 and has actually because ended up being one of world's biggest and most popular precious jewelry brands.


Its 2016 sales were about $5.7 billion. Cartier is had by Richemont, a deluxe goods group based in Switzerland, and stands for an approximated 45 percent of Richemont's income. Cartier replied to Civil rights Watch's request for info with 3 short letters about Cartier's commitment to accountable sourcing and its duty in the RJC.

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Cartier has chain of safekeeping for some of its gold and resources an unrevealed percentage of its gold from a small "model" mine in Honduras. The firm, nonetheless, is greatly reliant on the RJC and its qualification system, which, as defined above, has a variety of weak points. Cartier waives audits for distributors that are RJC-certified, the vast majority of their gold and ruby providers.


Cartier's moms and dad company Richemont states that traceability is a lasting objective and a location for enhancement for all its firms in the coming years. Richemont's refinery in Switzerland has actually created sources of gold that it claims are either licensed or will certainly end up being licensed against the RJC Chain-of-Custody Criterion, with a heavy emphasis on recycled gold.


The Vendor Standard procedure states that where third-party audits of providers determine locations for improvement, Richemont's "Maisons" (brands) follow up with therapeutic action plans (diamond earrings). Under the Code, Richemont additionally books the right to end service relationships with distributors that do not follow its Code of Conduct. It is uncertain whether Cartier takes independent actions to apply these arrangements or takes into consideration RJC certification adequate

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The company relies upon the RJC bookkeeping process for third-party audits of its gold and ruby suppliers. Suppliers that are RJC-certified do not have to undergo separate audits versus Cartier or Richemont requirements. Yearly reporting: Cartier's policies and technique to liable sourcing are defined each year in Richemont's Company Social Duty record.


According to Cartier, the mine makes use of neither cyanide neither mercury to remove and process its gold. The mine integrates a mid-scale cash cow that creates concerning two-thirds of Eurocantera's gold, and an artisanal and small-scale mining neighborhood, which creates one-third of the gold. Cartier gets the whole result of the mine, and improves the gold at a facility in Italy that is only committed to refining gold from the mine.


On the basis of readily available information, Human Rights Watch considers Pandora to have made moderate initiatives to ensure civils rights due diligence. Supply chain policy: Pandora's Vendor's Standard procedure belongs to all contracts with engagement rings providers, and addresses civils rights, labor civil liberties, environmental defense, and business values. The Vendor Code of Conduct does not relate to the distributors' complete supply chain, but only to providers' subcontractors involved in manufacturing and production.


Pandora mentions that in 2016, 91 percent of the gold it bought was recycled; the rest was recently extracted - engagement rings. Since late 2016, the company has actually only made use of recycled gold which aids reduce human rights threats in its gold supply chain. The firm states that it may return to acquisitions of newly mined gold in the future.

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