Ethics In Luxury

“Sustainability” and “ethics” have been buzzwords in the luxury industry with the increasing number of investigative studies and proactive actions taken by major luxury houses to bring the issues to the forefront

- Shirley Wang

In the most recent Human Rights Watch (HRW) study, Tiffany and Co. emerges at the top for its significant efforts and contributions to address human rights risks in the gold and diamond supply chain.

The single supply mine where Tiffany & Co. sources gold from has also regulations in place to conduct regular human rights assessments. The board of directors also adopts a Conflict Minerals Policy, which articulates principles for responsible gold mining to its vendors.

Tiffany & Co. is one of the five companies to establish a code of conduct in its contracts that align with the United Nations Guiding Principles on Business and Human Rights, along with other brands such as Bulgari, Signet Jewelers, Pandora, and Chopard. The contract details expectations regarding human rights, labour practices, environmental protection, and ethical business conduct, all of which comply with the Kimberley Process and World Diamond Council System of Warranties.