Did you know?

There were practical purposes for rings as well. The signet or seal ring for instance, once took the place of a man’s signature.

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Supply Chain

Signet recognises that stakeholders expect companies to exert influence, where possible, over vendors to ensure that SEE standards are upheld throughout the supply chain. The Supplier Code outlines Signet’s commitment to its vendors and the expectations it has of them. It includes requirements relating to legal compliance, health and safety and labour conditions, freedom of association, the environment, ethics and conflict diamonds. The Supplier Code applies to suppliers and agents with whom Signet deals directly and Signet regularly discusses its implementation with them. Those vendors and agents are encouraged to ensure that the Supplier Code is communicated throughout the supply chain. During 2007 Signet wrote to all priority sources of diamond and gold jewelry highlighting the importance it places on a responsibly managed supply chain and reminding them of the expectations it places on them as suppliers to Signet. The letter concluded that in Signet’s opinion the most efficient way of addressing supply chain issues is on an industry wide basis and that the best and most effective way of doing that is through the Responsible Jewellery Council ("RJC"). Signet also actively encourages participants to join the RJC at industry events.

Most of the raw and processed materials for the merchandise sold by Signet are traded on commodity exchanges or through multiple brokers and traders thereby making the original source difficult to trace. Signet believes that SEE risks at the mining, trading and secondary processing phases of the supply chain are more effectively managed through co-operation within the industry. Signet therefore actively participates in the RJC and Jewelers of America ("JA") in considering what action can be taken to set SEE standards and influence matters throughout the supply chain. JA has adopted a Statement of Principles relating to SEE matters and a programme to communicate those principles to its members as well as having developed a supplier code for the industry reflecting those principles.

Signet is also working, where appropriate, with other trade bodies such as the World Diamond Council (“WDC”) and the Jewelers Vigilance Committee to be better able to respond to SEE issues at an industry level.

Click here to find out more about our diamond supply chain.

Click here to find out more about our gold supply chain.