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Tiffany to Disclose Geographic Origin of Its Diamonds

It’s a ‘significant step for diamond transparency.’

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NEW YORK — Tiffany & Co. announced that it will begin sharing with consumers the geographic origin of its newly sourced, individually registered diamonds.

The company said the decision is “a significant step for diamond transparency.” It stated that by 2020, it will begin sharing its diamonds’ craftsmanship journey.

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With its Diamond Source Initiative, Tiffany is tracing each of its individually registered diamonds (0.18 carats and larger) by a unique “T&Co” serial number etched by laser and invisible to the naked eye, and providing consumers geographic sourcing information specific to their diamond.

“Beyond general assurances of ‘conflict free,’ Tiffany believes that knowing provenance is critical to ensuring its diamonds are among the most responsibly sourced in the world,” the company said in a press release.

“Diamonds, formed up to 3 billion years ago and brought to the earth’s surface by a miracle of nature, are symbols of the most important moments in our lives. There should be nothing opaque about Tiffany diamonds,” said Alessandro Bogliolo, CEO of Tiffany. “Our clients want and deserve to know where their most valuable, most cherished diamond jewelry is from, and how it came to be.”

The company said that in cases where provenance is unknown, such as heritage stones that predate the policy, it will provide confirmation that the diamond was sourced with industry-leading practices.

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“Tiffany & Co. has long been committed to diamond traceability and going above and beyond industry norms to promote the protection of the environment and human rights,” said Anisa Kamadoli Costa, chief sustainability officer for Tiffany. “A transparent journey of responsible sourcing reflects the many positive and far reaching benefits along every step of the diamond supply chain.”

The company stated:

Tiffany’s superlative standards exceed the Kimberley Process Certification requirements for rough diamonds and, for polished stones, mandate compliance with Tiffany’s Diamond Source Warranty Protocol. In the case of one trusted supplier with several responsibly managed operations, diamonds may be designated ‘Botswana sort.’ The majority of these diamonds were mined in Botswana, as well as in select mines in Namibia, South Africa, or Canada. For ‘Botswana sort” stones, provenance is the above grouping of countries, procured as an aggregated parcel of rough diamonds from a specific, limited group of mines in Southern Africa and Canada.

Tiffany & Co. is unique among global luxury jewelers in owning and operating its own diamond polishing workshops around the world – where 1,500+ Tiffany artisans ensure superlative diamond quality and craftsmanship. To highlight this competitive difference, by 2020, Tiffany will also share the craftsmanship journey of its diamonds along with its provenance.

Between 80 percent and 90 percent of Tiffany’s individually registered diamonds (by volume) have been supplied through Tiffany operations in Belgium, Botswana, Mauritius, Vietnam and Cambodia, where craftspeople plan, saw and/or cut and polish rough diamonds from known, responsibly managed mines, most of which are in Botswana, Canada, Namibia, Russia and South Africa, accordin to the release. For the remaining 10 percent to 20 percent, Tiffany’s trusted suppliers of polished diamonds have complied with Tiffany’s Diamond Source Warranty Protocol, which warrants the diamonds did not originate in countries with diamond-related human rights concerns, such as Zimbabwe and Angola, even though those diamonds are accepted under the Kimberley Process.

From now, those suppliers will be required to go beyond a warranty of “conflict-free” to affirmatively state the geographic source of any polished diamonds sold to Tiffany including region or countries of origin.

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Jeweler Accused of Stealing from Customers

He was arrested May 30.

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A jeweler in Lawrenceville, GA, has been charged with theft, the Atlanta Journal-Constitution reports.

Timothy New, owner of The Bench Jewelers, is accused of shortchanging some customers who left their jewelry with him for consignment. He also allegedly failed to complete custom design jobs that he promised, and failed to return the money.

New, 55, has been charged with theft by conversion and theft by taking.

He was arrested May 30, according to the Journal-Constitution.

The business has been closed.

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“Detectives have served several search warrants, which yielded the recovery of a large amount of jewelry,” Lawrenceville police Lt. Jake Parker said in a press release. “We are seeking help and looking to return the jewelry to the confirmed owners, as well as identify additional victims.”

Read more at the Atlanta Journal-Constitution

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Woman Indicted in Jeweler’s Stabbing Death

She’s accused of second-degree murder.

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A Tennessee woman has been indicted in connection with the stabbing death of 62-year-old jeweler Patrick Murphy in a New Orleans hotel room.

Magen Hall, 25, was charged with armed robbery and obstruction of justice and with the second-degree murder of Murphy in the three-count indictment handed up by an Orleans Parish grand jury.

The defendant’s name also is spelled Megan Hall in some court records.

Murphy was the owner of Murphy Jewelers, which has three stores in eastern Pennsylvania.
A housekeeper discovered Murphy’s body at 11:41 a.m. inside a room registered to Hall at the Empress Hotel at 1317 Ursulines Ave. New Orleans police homicide detective Patrick Guidry testified at a preliminary hearing in March that Murphy had been killed by three stab wounds — one to his neck and two to his abdomen.

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Hall has remained jailed since her March 3 arrest, in lieu of a $750,000 bond set for the murder allegation.

Hall faces a mandatory lifetime prison sentence if convicted of the murder charge, according to a press release from District Attorney Leon Cannizzaro’s office. An armed robbery conviction carries a penalty of 10 to 99 years in state prison, while obstruction of justice in a homicide investigation is punishable by up to 40 years.

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Waiter Donates $200 to Jeweler’s Fundraiser, Wins Billionaire’s Heart, Gets Dream Job

The event raised $450,000 in all.

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At a catwalk held by family-owned jeweler Le Vian on June 2 in Las Vegas, a billionaire and a waiter became the unexpected stars of the show.

At the company’s 20th anniversary Chocolate Diamonds catwalk fundraiser, Le Vian CEO Eddie LeVian announced that his company would be matching donations for children’s and cancer charities up to $175,000. One donor pledged the full $175,000.

LeVian then invited other smaller donations which came from the floor, with each donor being gifted a balloon and a rose as a thank you.

A waiter, whom the Daily Mail identified as Diego Mario Galietti, suddenly took the roving microphone. Through tears, he explained that he was a single dad and pledged $200 in honor of his father, Luis DaSilva, who had died of cancer at age 55, and in honor of his daughter, who is 7. The 500-strong audience erupted into a standing ovation.

The total raised for charities on the night was $450,000, with Le Vian and a billionaire donor ultimately both raising their donations to $200,000 each.

The billionaire top donor has now offered the waiter a job in his property company. The billionaire donor himself was orphaned at a young age and built himself up from troubled beginnings to become a plumber, a builder and now a property mogul in the U.S. market.

Charities supported by the fundraiser were Jewelers for Children, St. Jude’s Children’s Research Hospital and the Rafa Foundation.

Watch the video:

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