Our The Diamond Box PDFs

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If suppliers fail to fulfill the Distributors' Standard Procedure, the firm might end contracts with those suppliers, and has done so in numerous circumstances. Tiffany formerly sourced from the Octea ruby mine in Sierra Leone, which has been related to allegations of labor rights misuse and corruption; but notified Civils rights Watch that it quit sourcing from Octea in March 2017.


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Support for artisanal and small-scale mining: Tiffany and Co. has supplied economic assistance for the Ruby Development Initiative and the Institute for Environment and Development to help formalize and promote liable artisanal mining in both the ruby and gold industries. It does not source from artisanal mines but states that it is exploring the possibility of sourcing artisanally-mined steels that have actually been licensed by 3rd events as sensibly handled, and wants to begin such procurement soon.


The business has about 200 shops around the world. LVMH's precious jewelry business had a complete profits of $3.4 billion in 2016; the income of individual firms is not made public.


Bulgari's parent firm, LVMH, has an extra comprehensive Supplier's Standard procedure with arrangements on labor rights and setting that likewise relate to Bulgari. LVMH's Code was under revision in late 2017 and Bulgari has actually informed Human Civil liberties Enjoy that it will assessing its Code of Ethics to show the changes.

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The threat evaluation additionally includes sees approximately yearly to countries where Bulgari sources or is thinking about sourcing, which are thought about a lot more risky. In October 2017, Bulgari stated that it means to collaborate with suppliers to strengthen and expand its due persistance procedures, to ensure it uses to the entire supply chain, including on-the-ground mine assessments.


When Bulgari discovers that a distributor is not in conformity with its standards, the company says it typically provides the provider in between one and 6 months to deal with the problem. Third-party verification: Bulgari is certified against the Code of Practices and the Chain-of-Custody Requirement of the RJC. Bulgari specifies that it performs third-party audits of its distributors.






It shared the names of its gold suppliers with Civils rights Enjoy on a confidential basis. Assistance for artisanal and small-scale mining: Bulgari does not join a committed program to resource from artisanal and small-scale mines or assistance initiatives for accountable small mining. Cartier was established in Paris in 1847 and has actually given that come to be one of world's largest and most widely known fashion jewelry brand names.


Its 2016 sales were about $5.7 billion. Cartier is had by Richemont, a high-end products group based in Switzerland, and represents an approximated 45 percent of Richemont's earnings. Cartier reacted to Human being Rights Watch's ask for details with 3 short letters about Cartier's dedication to liable sourcing and its function in the RJC.

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Cartier has chain of wardship for some of its gold and resources an undisclosed percentage of its gold from a small "model" mine in Honduras. The business, nonetheless, is heavily reliant on the RJC and its qualification system, which, as described above, has a number of weak points. Cartier forgoes audits for suppliers that are RJC-certified, the huge bulk of their gold and ruby suppliers.


It does not indicate whether it has chain of guardianship for rubies. Cartier's business duty plan does not mention traceability. Cartier's moms and dad company Richemont claims that traceability is a long-lasting objective and an area for renovation for all its companies in the coming years. Richemont's refinery in Switzerland has created sources of gold that it claims are either certified or will certainly become accredited versus the RJC Chain-of-Custody Requirement, with a hefty emphasis on recycled gold.


The Provider Standard procedure mentions that where third-party audits of discover here providers determine locations for renovation, Richemont's "Maisons" (brands) follow up with restorative action plans (Tissot Watches). Under the Code, Richemont additionally reserves the right to terminate service partnerships with suppliers that do not adhere to its Code of Conduct. It is uncertain whether Cartier takes independent actions to apply these stipulations or takes into consideration RJC certification sufficient

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The business counts on the RJC auditing process for third-party audits of its gold and ruby distributors. Vendors that are RJC-certified do not need to undergo separate audits against Cartier or Richemont requirements. Yearly coverage: Cartier's plans and approach to liable sourcing are described yearly in Richemont's Business Social Obligation report.


According to Cartier, the mine utilizes neither cyanide nor mercury to remove and procedure its gold. The mine incorporates a mid-scale golden goose that generates concerning two-thirds of Eurocantera's gold, and an artisanal and small mining area, which generates one-third of the gold. Cartier purchases the entire output of the mine, and refines the gold at a facility in Italy that is entirely dedicated to processing gold from the mine.


On the basis of available information, Civil rights Watch takes into consideration Pandora to have actually made modest efforts to guarantee civils rights due diligence. Supply chain policy: Pandora's Provider's Code of Conduct is part of all agreements with distributors, and addresses human civil liberties, labor civil liberties, ecological security, and business values. The Distributor Standard Procedure does not put on the providers' full supply chain, yet just to providers' subcontractors associated with production and production.


Pandora specifies that in 2016, 91 percent of the gold it purchased was reused; the remainder was recently mined - Citizen Watches. Given that late 2016, the firm has only made use of recycled gold which assists minimize civils rights dangers in its gold supply chain. However, the firm mentions that it might return to purchases of recently mined gold in the future.

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