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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 across 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, a luxurious fit, and minimize twisting of the ring on the finger.
Section B: Financial compliance of the Group:
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.
Angola ,Coast, Democratic Republic of the Congo, Liberia, Sierra Leone, Republic of the Congo & Zimbabwe Marange Diamond Fields
A.JAFFE shall ensure that none of its supplies are coming from above sources. Sight Holder shall communicate its sourcing policy to all the stakeholders and will ensure effective implementation among them.
Our Company is concerned about the environment and social impacts of irresponsible mining.
We at A.JAFFE shall ensure that all our gold jewelry suppliers are in compliance with gold sourcing 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:
Sr No. | Mode | Details |
---|---|---|
(I) | By Email | Name : Mr. Sam Sandberg ssandberg@ajaffe.com |
OECD STEP 5 ANNUAL REPORTING | |
Company Name & Address: | A.JAFFE 50 West 47th Street, Suite 1901, New York, NY 10036 |
Date: | 25 July, 2021 |
Reporting Period: | January to December 2020 |
OECD DUE DILIGENCE GUIDANCE | ACTION TAKEN |
Step. 1. Establishing Strong Company Management Systems | |
1.A Adopt and clearly communicate to suppliers and the public company policy for the supply chain of mineral originated from conflict affected and high risk areas. |
A.JAFFE's legacy dates back to its founding in New York City in 1892. The brand's rich heritage spans across 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, a luxurious fit, and minimize twisting of the ring on the finger |
1. B Structure internal management system to support supply chain due diligence |
A. JAFFE’s has established strong internal risk assessment to ensure that all its supplies are conflict free and ethically sourced. Company has carried out countrywide risk assessment and supplier wise risk assessment in accordance with the OECD requirements |
1.C. Establishing system of controls and transparence over the minerals supply chain. |
Suppliers are requested to share the information, which is analyzed to identify potential risk of CAHRA”s if any. |
1.D. Stringent company engagement with suppliers. |
Regular communication and awareness are carried out with suppliers (upstream suppliers). Ongoing monitoring is carried and two way communications are carried out to strengthen the supply chain. |
1.E. Establishing a company-level or industry wide grievance mechanism as an early warning risk-awareness system. |
Grievance mechanism has been established and published on the web site of the company. Company level employee training and awareness is carried out on an annual basis on the ethical sourcing as per OECD five step framework and training by circulation is done on a periodic basis. |
Step. 2. Identify And Assess The Risk In The Supply Chain | |
2. Identify and assess the risks in the supply chain and assess risk of adverse impact. |
Company has established a strong ongoing monitoring system for each and every transaction and annual review of declaration and information exchanged are carried out. Ongoing due diligence for KYC and other supply chain information is carried out. |
Step. 3. Identify And Assess The Risk In The Supply Chain | |
3.1. Report findings of the supply chain risk assessment to the designated senior management of the company. |
Compliance officer shall review all the transactions and where queries are raised or red flags raised. |
3.2. Device and adopt risk management plan. |
Compliance officer shall seek the additional information and after its review further decision of raising CARA shall be issued. |
3.3. Implement the risk management plan and monitor the performance of the risk mitigation efforts. |
Compliance officers shall monitor the effectiveness Mitigation actions taken and revised status of the associate risk if any. |
3.4. Internal Training. |
Regular training is carried out among all the affected employees. |
3.5. Communication. |
Period communication is sent across the supply chain for increasing awareness about ethical sourcing as per OECD regulations. |
Step. 4. Optional Information On Step 4 | |
4.1. RJC COP Audit done on & Done By. |
Audit is scheduled by RJC approved auditor during |
4.2. Grievance and recommendation. |
Nothing reportable. We have provided public accesses for reporting grievances, through our website and the stakeholders are been communicated. |