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3M2i3iX | 10/02/2021 | 0 | Accessories

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In this report, Human Rights Watch scrutinizes steps taken by key actors contained in the jewelry enterprise to make sure that rights are revered of their gold and diamond present chains. The report focuses on the insurance coverage insurance policies and practices of 13 main jewelry brands, chosen to include a variety of the trade’s largest and finest-recognized jewelry and watch corporations and to replicate totally completely different geographic markets: Boodles (United Kingdom), Bulgari (Italy), Cartier (France), Chopard (Switzerland), Christ (Germany), Harry Winston (United States), Kalyan (India), Pandora (Denmark), Rolex (Switzerland), Signet (United States-primarily based mum or dad agency of Kay Jewelers and Zales within the US, Ernest Jones and H. Samuel in the UK, and other jewelers), Tanishq (India), Tribhovandas Bhimji Zaveri Ltd. (TBZ Ltd.)(India), and Tiffany and Co. (US). Collectively, these 13 companies are estimated to generate over $30 billion in annual revenue.

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The beads were about one millimetre lengthy.

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Assessment of human rights risks: New suppliers are expected to conduct self-assessments on a broad vary of criteria. 214 Furthermore, Pandora visits suppliers’ manufacturing web sites sooner than entering into into a contract. 215 Pandora also depends on the RJC certification and audit process to establish risks throughout the supply chain.

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A number of the jewelry firms examined have made vital efforts to responsibly provide their gold and diamonds, whereas others have taken much weaker measures, or disclose nothing about their efforts to supply gold and diamonds responsibly. Whereas there are significant variations throughout the firms’ approaches, Human Rights Watch discovered that not one of the corporations totally meet our standards for accountable sourcing. Among the key problems are a failure to evaluate human rights risks, an absence of public reporting, and an overreliance on the Accountable Jewelry Council (RJC) for his or her due diligence.

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