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Tiffany and Co. Announces New Diamond Transparency

Author: Human Rights Watch , Published on: 9 January 2019

'Tiffany and Co. Announces New Diamond Transparency' 9 January 2019

Starting today, Tiffany and Co. will begin sharing the origins of its diamonds with its customers, setting a new level of transparency among large jewelry retailers. As part of this welcome initiative, all of Tiffany’s stores will now provide the country or region of origin for all newly-sourced diamonds above .18 carat. It’s now time for others in the industry to do the same...

...The diamond industry has long been extremely opaque about the source of their diamonds. Mining companies may source diamonds from multiple countries, but not tell their clients where specific stones come from. Why does it matter? While reputable mining and jewelry companies have taken steps to avoid selling "conflict diamonds," diamonds may be tainted by other abuses, including displacement, forced or child labor, and environmental harm...

...Last year, Human Rights Watch launched a campaign, #BehindtheBling, challenging the jewelry industry to ensure its gold and diamonds are responsibly sourced. Since we began the campaign, several companies have taken steps to be more transparent and improve their sourcing practices.

 

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Related companies: Tiffany