We use cookies to provide a personalized site experience. By continuing to use & browse this site, you agree to our use of cookies and to our Privacy Policy.
ANNUAL BUSINESS RESPONSIBLE REPORT For the year 2024, Dated: April 11th 2025 |
A.JAFFE 62 West 45th Street, 4th Flr. New York, NY |
Section A: General Information about the Company:
A.JAFFE's legacy dates back to its founding in New York City in 1892. The brand's rich heritage spans the Jazz Age and Art Deco period, through two world wars, and into a new millennium. The historic American bridal brand is recognized for its iconic Signature Shank™ and Quilted Interior™ design features that provide superior balance and a luxurious fit with minimal twisting of the ring on the finger.
Section B: Financial compliance of the Group:
Approved By: Sam Sandberg
The following essential principles will be applicable in all the transactions involving treated diamonds, synthetics and stimulant
Conflict Minerals Policy Statement (Diamond & Gem Stone)
A.JAFFE is committed to being a responsible corporate citizen and is opposed to human rights abuses. As part of that commitment, A.JAFFE seeks to source products, components and materials from companies that share our values around human rights, ethics and environmental responsibility.
A.JAFFE shall strive to ensure that all its supply of diamonds is not originating from CAHRA’s and where practically possible origin of diamonds is known to us.
Blood Diamonds, also known as "Conflict Diamonds,"are stones that are produced in areas controlled by rebel forces that are opposed to internationally recognized governments. The rebels sell these diamonds, and the money is used to purchase arms or to fund their military actions.
Blood Diamonds are often produced through the forced labor of men, women and children. They are also stolen during shipment or seized by attacking the mining operations of legitimate producers. These attacks can be on the scale of a large military operation.
The stones are then smuggled into the international diamond trade and sold as legitimate gems. These diamonds are often the main source of funding for the rebels; however, arms merchants, smugglers, and dishonest diamond traders enable their actions. Enormous amounts of money are at stake, and bribes, threats, torture, and murder are modes of operation.
CAHRAS are.
A.JAFFE ensures that none of its supplies come from the aforesaid countries/regions. A.JAFFE shall communicate its sourcing policy to all its stakeholders and will ensure effective implementation of its policy amongst all its entities.
A.JAFFE shall ensure that none of its supplies come from CAHRA Region sources. For More Details of CAHRA’s refer to list of country under the regulation of EU 2017 https://www.cahraslist.net/cahras
Our Company is concerned about environment and social impacts of irresponsible mining.
We at A.JAFFE shall ensure that all our gold Jewellery suppliers are in compliance with gold souring guidelines (Dodd- Frank rules, DRC & other applicable legislation).
Further, we are committed to ensure that sourcing of gold and precious metal products and articles thereof, are under the highest Social, Human right and Environmental standard cautions of trade.
The management of A.JAFFE is committed to take appropriate action to use best endeavours to ensure that the suppliers and contractors are committed for compliance to International Social Standards such as RJC.
A.JAFFE recognizes the need to develop a sustainable, value creating business and is committed to the following:
A.JAFFE is committed to effective environmental management as one of its important corporate priorities, and will focus on the following initiatives:
A.JAFFE is committed to provide safety of product throughout its supply chain by following precaution as mentioned below:
f you are interested in obtaining a copy of our sourcing annual compliance report, based on OECD guidelines. Please send an email request to the below mentioned email address
Sr No. | Mode | Details |
---|---|---|
(I) | By Email | Name : Mr. Sam Sandberg ssandberg@ajaffe.com |
OECD STEP 5 ANNUAL REPORTING | |
Company Name & Address: | A.JAFFE 62 West 45th Street, 4th Flr. New York, NY, 10036 |
Date: | [05/04/2025] |
Reporting Period: | [04/2024] to [3/2025] |
OECD DUE DILIGENCE GUIDANCE | ACTION TAKEN |
Step 1: Establish strong company management systems | |
Adopt and communicate to suppliers and the public a company policy for the supply chain of minerals originating from conflict-affected and high-risk areas. |
Sourcing Policy has been established with document no. PJ-POL-015. Sourcing Policy communicated to internal interested parties through training and also displayed on notice board. Sourcing Policy has been communicated to external interested parties through e-mail communications, made publicly available on PARAMOUNT JEWELS LLC's official website – ajaffe.com and also displayed on notice board in office premises so that visitors can have access to it. |
1.B Structure internal management systems to support supply chain due diligence. |
The Company has prepared Manuals for Sourcing compliance and due diligence, which include procedures for risk assessment, methods for identification of red flags, risk mitigation, etc. Training on responsible sourcing has been imparted to relevant personnel. The company has appointed senior official Samuel Sandberg, who bears the competence, knowledge, and experience to be responsible for implementing a due diligence management system. |
1.C Establish a system of controls and transparency over the minerals supply chain. |
The Company collects supplier details through KYC/KYS documents from each associated party, which include Business registration documents and a completed KYC questionnaire. Also, it checks against relevant government lists for individuals or organisations implicated in money laundering, fraud, or involvement with prohibited organisations and/or those financing conflict. The company collects all information pertaining to physical description and origin of supplies from suppliers for each parcel through Invoice and sales documents and Gemological laboratory reports and/or certificates (polished stones only). The company has established supplier packet and shared with all the suppliers along with the company’s requirement and obligations to comply with OECD requirements to make engagement with suppliers, the supplier packet which contains questions related to sourcing, their supplier due diligence mechanism etc. |
1.D Strengthen company engagement with suppliers. |
The company has established supplier’s packet and shared with all the suppliers along with OECD requirements and its 5 steps of due diligence mechanism. The suppliers packet also contains agreement to take reasonable steps to ensure that all the supplies are supplied in accordance with Company’s policy on supply chain/sourcing. |
1.E Establish a company-level, or industry wide, grievance mechanism as an early warning risk-awareness system. |
The company has established this grievance procedure to hear concerns about circumstances in the supply chain involving supplies from conflict-affected and high-risk areas. The company shares email address on each invoices and also in supply chain/sourcing policy to contact to register grievance. The company also maintains grievance register to keep records on monthly basis. |
Step 2: Identify and assess risk in the supply chain | |
Identify and assess risks in the supply chain and assess risks of adverse impacts. |
The company has conducted risk assessment of all the suppliers based on information from supplier’s packet, government assessments and from official websites. No any red flag identified nor any suppliers found from conflict affected high risk areas. |
Step 3: Design and implement a strategy to respond to identified risks (if applicable) | |
Report findings of the supply chain risk assessment to the designated senior management of the company. |
Samuel Sandberg receives the findings of risk assessments. |
Devise and adopt a risk management plan. |
The company has established risk mitigation plan to respond to the risks and impacts if identified. |
Implement the risk management plan and monitor performance of risk mitigation efforts. |
The company has developed a Monitoring and evaluation plan to monitor and track the effectiveness of mitigation measures, including the results of follow-up activities after six months to evaluate significant and measurable improvement |
Internal training |
The company has imparted trainings to all relevant employees in the month of January 2025 & July 2024 |
Communications |
The company takes feedback from stakeholders if any risk identified and based on procedure to summaries the outcome of your engagement with relevant stakeholders. |
OPTIONAL INFORMATION ON Step 4: Carry out independent third-party audit | |
Annual audit |
The company has appointed an independent third party auditor Mr Nitin Pandya who conducted audit twice in a year and last audit conducted for the period of October-2024 to March-2025 and no any non-conformances identified. |
Grievances and remediation |
The company has not received any grievance in the assessment year. |