Our vertical integration model helps us uphold our standards of craftsmanship, safe and healthy working environments, community economic development and supply chain traceability.
We cut and polish diamonds at our own workshops in Botswana, Mauritius, Cambodia, Vietnam and Belgium. We also manufacture approximately 60% of our jewelry at our state-of-the-art facilities in New York, Kentucky and Rhode Island, and polish and assemble jewelry in the Dominican Republic. Because we operate our own facilities to our high standards, we are able to help ensure safe, healthy and welcoming work environments. We hire and train skilled craftspeople and pay a living wage to employees at our manufacturing facilities in developing countries to support local people and communities.
In 2002, we established Laurelton Diamonds, a wholly owned subsidiary, to procure rough diamonds and source, cut, polish and supply finished stones. Today, we source 100%* of our rough diamonds directly from known, responsibly managed mines or from responsible suppliers with a limited number of known mines. Through our new Tiffany & Co. Diamond Source Initiative, we are sharing the provenance (the region or countries of origin) of all newly sourced, individually registered diamonds. When it comes to traceability of precious metals, we are able to trace 99%* of our raw gold, platinum and silver directly to a mine or recycler.
Our vertical integration model gives us a strong chain-of-custody over raw materials, direct oversight of our manufacturing and a platform to help improve global standards and conditions, serving as a model for others in incorporating environmental and social integrity in sourcing, processing and crafting our jewelry.
*See the Report of Independent Accountants