Tiffany & Co. continues to adhere to high standards of sustainability, responsibility and best business practices, as follows from the recently released annual report on corporate social responsibility for 2012, Rapaport reports.
Tiffany said that last year it continued to have a positive impact on the jewelry supply chain, working to promote responsible production standards and raise awareness of critical issues such as, for example, protecting the environment in the area adjacent to the upcoming the Pebble mine in Alaska.
During the past year, Tiffany & Co. carried out the purchase of diamonds, precious stones and metals from mines that meet high standards of social and environmental responsibility.
Tiffany & Co. produces about 60% of its jewelry production at its own enterprises. In 2012, Tiffany tracked 98% of the purchases of precious metals by Tiffany businesses directly from reliable miners or manufacturing companies.
Tiffany & Co. tracked all rough diamonds bought in 2012 both directly from well-known mining companies and reliable suppliers that purchase diamonds mined in countries that meet the requirements and standards of the Kimberley Process.
Over the past few years, Tiffany & Co. she herself financed the diamond mines to guarantee her access to high-quality diamonds in accordance with all accepted requirements for accountability and transparency.