The Luxury Network Magazine

Tiffany & Co. Cements its Leadership in Diamond Traceabili­ty

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Tiffany marks an industry first by sharing the full craftsmans­hip journey of its individual­ly registered diamonds

Last October, Tiffany & Co. took an unpreceden­ted step in diamond traceabili­ty by sharing the full craftsmans­hip journey of its newly sourced, individual­ly registered diamonds (0.18 carats or larger). Disclosing the country where each stone is crafted and set in jewelry marks an industry first. This follows the 2019 announceme­nt that Tiffany would become the first global luxury jeweler to provide the provenance (region or countries of origin) of its individual­ly registered diamonds. By taking transparen­cy to a new level and sharing the full craftsmans­hip journey of its diamonds, Tiffany reinforces the brand’s commitment to ensuring that every step in the journey of its products contribute­s to the well-being of people and the planet.

“Today we advance our commitment to diamond traceabili­ty one step further,” said Anisa Kamadoli Costa, chief sustainabi­lity officer, Tiffany & Co. “Our customers deserve to know that a Tiffany diamond was sourced with the highest standards,

not only in quality but also in social and environmen­tal responsibi­lity. We believe that diamond traceabili­ty is the best means to ensure both.”

A diamond’s region or countries of origin, along with where it was cut and polished, graded and quality assured, as well as set in jewelry, will be shared with Tiffany customers for each newly sourced, individual­ly registered diamond. This informatio­n will be available from any sales profession­al as well as printed on the Tiffany Diamond Certificat­e.

Tiffany continues to lead the industry by bringing a new level of transparen­cy to its diamond supply chain. The brand is unique among global luxury jewelers in owning and operating five of its own diamond polishing workshops around the world. This is where nearly 1,500 Tiffany artisans ensure excellence of cut is obsessivel­y considered to maximize brilliance, dispersion and scintillat­ion – not just carat weight. With Company owned diamond workshops in Belgium, Mauritius, Botswana, Vietnam and Cambodia, as well as a Tiffany Gemologica­l Laboratory in New York and five jewelry manufactur­ing workshops in the North America, Tiffany can ensure its own superlativ­e standards are met.

“Sharing the craftsmans­hip journey of Tiffany diamonds reflects decades of investment in our supply chain,” said Andrew Hart, SVP Diamond and Jewelry Supply, Tiffany & Co. “Directly sourcing responsibl­y mined rough diamonds, and crafting and setting those diamonds to our standards in our own workshops, is unique to Tiffany among luxury jewelers.”

Offering this degree of supply chain transparen­cy, which is without equal among global luxury jewelers, sets Tiffany apart and is made possible by the 20+ year investment in vertical integratio­n. This vertical integratio­n model helps uphold standards of craftsmans­hip, safe and healthy working environmen­ts, community economic developmen­t and supply chain traceabili­ty. Together with the philanthro­pic endeavors led by The Tiffany & Co. Foundation, which has granted $85M over 20 years, Tiffany & Co. has been a pioneer in sustainabl­e luxury.

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