Tiffany has temporarily closed stores in Russia and will provide affected employees with essential financial and operational assistance during this time. We will continue to closely monitor the crisis unfolding in Ukraine and will comply with applicable sanctions and legal restrictions concerning Russia.
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Tiffany & Co. is fully compliant with President Biden’s executive order on the sourcing of non-industrial diamonds of Russian origin. As of March 21, 2022, Tiffany has paused the sourcing of all rough diamonds from Russia, as well as serialized diamonds of Russian origin regardless of where they are cut and polished.
For melee diamonds, Tiffany has taken the extra step of instructing our suppliers to stop buying Russian rough stones on our behalf and to separate Russian and non-Russian melee moving forward.
While approximately 30% of the world’s diamonds originate from Russia, at Tiffany, our transparent chain of custody process with our newly sourced, individually registered diamonds offers the client the opportunity to choose the country or region from which their engagement diamond originates—a first among global luxury jewelers.
Tiffany & Co. is the first global luxury jeweler to offer diamond traceability by sharing the full craftsmanship journey of its newly sourced, individually registered diamonds, which includes disclosing the countries or regions where these diamonds are crafted and set.