Signet: Driving Integrity in the Global Jewelry Supply ChainFebruary 22, 18
Jewelry, for me, like many customers, is all about a meaningful moment, about a relationship, about self-expression. At Signet Jewelers, we have the privilege of selling a product that inherently carries a strong emotional attachment and can be the conduit to a customer's most memorable moments.
It is also one of the key reasons that the responsible sourcing of gold, diamonds and other precious stones and metals must be a priority for everyone along the global jewelry supply chain.
Signet believes that visibly leading in the area of responsible sourcing is essential for our success, and our industry’s growth. Customers want transparency. They respect integrity. They care about the story behind what they purchase. We must respect that, and work together to give it to them.
As part of our efforts to take the lead in ensuring the integrity of the global jewelry supply chain, Signet created the award-winning Signet Responsible Sourcing Protocols.
Mandatory for all Signet suppliers, these Protocols incorporate best-in-class principles that ensure Signet is leading the continuous improvement in the integrity of the jewelry global supply chain with an emphasis on transparency and the protection of human rights.
Certified Responsible Jewellery Council (RJC) membership is also a requirement for all Signet jewelry suppliers. RJC membership reinforces Signet’s industry leadership position on responsible practices and requirements in the areas of human rights, health and safety, and labor practices throughout the global Signet supply chain.
Recently, Human Rights Watch (HRW), a non-profit organization, released a report on “The Hidden Cost of Jewelry.” In the spirit of transparency and cooperation, Signet and other members of the jewelry industry engaged openly and extensively with HRW.
Unfortunately, the report contains language chosen more to criticize our industry rather than provide constructive recommendations. In particular, we believe HRW’s assessment of the RJC standards is incorrect. We would welcome HRW to engage more constructively with the Responsible Jewellery Council (RJC) and other participants in the jewelry industry.
Unwavering product integrity is fundamental for Signet - and we believe it should be for the entire industry. Going forward, Signet urges everyone with a stake in our industry to join us in this diligent pursuit of excellence and transparency.