Gemstones, Jewellery, Luxury and Lifestyle
Behind the scenes, the luxury goods industry is a bustling marketplace full of colour, character and complexity. Science and art are prized in equal measure.
The natural qualities of valuable materials make them unique. In order to delight consumers, brands need diverse suppliers. Our clients create exquisite products; and we help them to carefully source all the components. Together, we make a positive impact on those within the value-chain.
Profiling, creating and complying with sourcing criteria that meets consumer expectations to avoid harm in the supply chain presents fresh challenges.
These supply chains can be fragile and fragmented. We understand. Here’s how we’ve helped a few of our clients to find solutions.
SWAROVSKI GEMS has been participating in the Coloured Gemstones Working Group (CGWG) for well over 2 years now. This workgroup brings together major brands in the jewellery industry with the common goal to develop tools and methods to enable a transparent and responsible supply chain for coloured gemstones.
The workgroup is facilitated by Assheton Carter in cooperation with his consultancy The Dragonfly Initiative. Within those few years a common understanding of the participant companies could be reached, with an open attitude to address issues. A Due Diligence Tool was developed by TDI and will be applied in a field test in 2017. We are very happy about the progress that was reached and see this as a solid foundation towards establishing a transparent and finally sustainable supply chain in a very fragmented and complicated market that traditionally lacks transparency.
-Michael Schlamadinger- Swarovski
Sourcing, supply chain and strategy:
Cartier: Working with the head of Corporate Responsibility and team since 2009, we have supported this prestigious firm to cement long-term business relations with an ethical gold producer in Central America and a Fairmined/Fairtrade certified mine in Peru. We identified the sources, completed due diligence, facilitated the sourcing agreement, and monitored performance for both mines. We also worked with the upstream producers to ensure their practices meet market expectations. Both mines are now ASM RJC members, one of which (in Peru) is just beginning the journey to RJC certification; the other (Goldlake Limited) is RJC COP and COC certified.
Standards Creation and Benchmarking:
Kering, LVMH , Swarovski , Bulgari, Tiffany , Gemfields and Muzo, Coloured Gemstone Working Group (CGWG) - We recognised members' needs to engage their coloured gemstone suppliers to improve practices and make measureable, positive impacts.
In 2015, the CGWG was formed out of an interest of leading luxury jewellery brands to better understand the risks and opportunities for positive environmental and social impact in the sourcing of their coloured gemstones.
The Working Group brings together leading luxury brands, large-scale mining companies and small producers. It includes Kering, LVMH, Swarovski , Bulgari, Tiffany , Gemfields and Muzo, among others. TDI continues to manage the group and has developed and executed the technical work plan.
Tools and Education for Better Practice
We enable businesses to implement standards through the design of practicable toolkits and management instruments. These are analysed and tested in multiple environments to ensure they are robust and ready to use. We also support businesses preparing for audits.
Kering, LVMH , Swarovski , Bulgari, Tiffany , Gemfields and Muzo Coloured Gemstone Working Group- We established a framework and guidance for environmental, health and safety, business integrity and social best practices for the coloured gemstone supply chain from producer to retail, including artisanal and small enterprises in the mining and cutting and polishing industries – in order to avoid duplication and contribute to industry efforts, based on the RJC Code of Practices;
- a practical due diligence (assessment) tool for the industry that is applicable to different tiers in the supply chain and for different business activities;
- and a series of coloured gemstone risk profiles that describe the social, environmental and governance aspects of the supply chains of a number of popular gemstones.
Diamonds Direct This busy New York based diamond dealer had a short timeframe in which to prepare for their RJC audit. We quickly delved into the heart of their organisation and marshalled their existing evidence and documentation. We prepared template documents and personnel training material and we carried out a mock-audit, highlighting any potential non-compliance points. We were delighted that their RJC audit was a complete success and they gained certification without any issues.
Global Value- Chain Development
Swiss Better Gold Association and the Better Gold Initiative We are part of the implementing team, led by Projekt Consult, with a four-year mandate from SECO and in partnership with the Swiss Bettergold Gold Association, to significantly scale the volume of gold from responsible gold ASM in the Andes. The project includes extensive field-presence to build a robust pipeline that is fronted by our strategic partners, Projekt Consult, and the building and implementation of a market-ready standard and due diligence system, the principal responsibility of TDI. We are engaging with 19 mining operations in the region and ensuring that they meet the standards and expectations of the Swiss gold market, including a smooth route to market.