Sponsored by the Gemological Institute of America
Signet’s Plan for Tracing its Diamond Sourcing
The world’s largest retailer of diamond jewelry has launched an ambitious initiative that, over time, aims to assure that the millions of diamonds it buys every year come from identified sources.

New York--Signet Jewelers Ltd. has launched an ambitious initiative that, over time, aims to assure that the millions of diamonds it buys every year come from identified sources.
Announced at press conference held Tuesday at Jewelers of America’s headquarters in New York, the Signet Responsible Sourcing Protocol for Diamonds builds on existing diamond industry standards including the Kimberley Process, the U.N. Guiding Principles on Business and Human Rights, and the OECD’s Due Diligence Guidance for Responsible Supply Chains to have the retailer’s diamond suppliers map their supply chains more thoroughly than ever.
It’s an initiative that, at its root, addresses the U.S. government’s desire to ensure that consumer goods sold here aren’t tied to human rights abuses, the banking sector’s concerns with transparency in the diamond industry and the younger generations’ desire to know the origin of the products they buy.
“Today’s millennial expectations are very high,” David Bouffard, Signet’s vice president of corporate affairs, said in opening the press conference. “They want to know where the products came from, they want to know who’s made them, they want to understand the journey that the product’s taken as they make a considered purchase like a diamond engagement ring or any piece of diamond jewelry.”
In the protocol’s first year, 2016, the retailer is asking its diamond suppliers to work toward compliance by demonstrating that they are examining their supply chain and determining what proportion of their supply comes from “responsible sources,” Bouffard said.
Signet also expects all its diamond suppliers to join the Responsible Jewellery Council “at the earliest opportunity.”
This initial due diligence will, in turn, tell Signet what percentage of its diamond supply currently is traceable back to the industry’s known diamond producers, De Beers, Alrosa, Rio Tinto and Dominion Diamond, providing it a baseline from which it can map its progress.
By September of this year, Signet expects its suppliers to start classifying all the diamonds they provide to the retailer into one of four categories.
1) Single stone tracking. Individual diamonds supplied by or sourced from “identified and verified” diamond producers such as De Beers, Alrosa, Rio Tinto or Dominion, which mines diamonds in Canada.
2) Parcel tracking. Parcels of diamonds from sources such as those listed above that were not individually tracked but verified to have derived from these producers.
3) Mixed sources. This category allows for the mixing of diamonds deriving from a number
4) Other identified and verified sources. This category applies to diamonds that derive from a producer country or particular mine, originally sourced from companies other than De Beers, Alrosa, Rio Tinto or Dominion. This category includes diamonds mined by artisans.
In 2017, the second year of the protocol, supply chain audits likely will begin.
Bouffard said during the press conference that because Signet is conscious of potential “audit fatigue” among suppliers, it harmonized its audits with those already required by the RJC and De Beers’s Best Practice Principles, or BPP, so they all can be done at the same time.
Tuesday’s announcement raised a number of questions about the implementation of such a system; chief among them were the feasibility of sources reliably reporting the origin of their diamonds and the potential impact the protocol could have on smaller suppliers, particularly in a market where the midstream players already are struggling to remain profitable.
The one manufacturer present at the press conference, Michael Steinmetz of Leo Schachter Diamonds, said while he doesn’t dispute that the fact that there are going to be extra costs involved in implementing the protocol, they haven’t turned out to be significant for his company, although he added that he “can’t speak for those small manufacturers who can’t tell you where their goods are from.”
The speakers at Tuesday’s press conference also reiterated several times that the protocol is a work in progress.
“We don’t pretend that this is the perfect approach,” said John Hall, who worked as a consultant for Signet on the project. “We know it can be improved.”
This is the third sourcing protocol established by Signet.
The other two--for gold and for the “three Ts,” tin, tantalum and tungsten--were established after the federal government passed the Dodd Frank Act and its so-called conflict minerals provision in 2010.
The provision required that all publicly traded companies essentially map their gold supply chains and report to the Securities and Exchange Commission if any of the minerals they use originated in the Democratic Republic of the Congo or one of nine neighboring countries.
Bouffard said Signet did not lose a single supplier in implementing its sourcing protocol for gold.
When asked if he expects the same for diamonds, he said, “We intend to do everything we can (to keep them all) but we’ve got to understand the supply chain better.”
Signet’s entire Responsible Sourcing Protocol for Diamonds is available on SignetJewelers.com. The retailer said all companies involved in the diamond industry are free to adopt the protocol and apply it to their supply chains.
The Latest

The 2025 Australian Open champion is the jewelry brand’s first athlete ambassador.

The West Village jewelry boutique’s new shop-in-shop is the cornerstone of Nordstrom’s revamped jewelry hall.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

The brand’s “Golden Strada” statement necklace features round, marquise, and pear diamonds that sparkle like Fourth of July fireworks.


JSA’s Scott Guginsky provided a list of nine security measures jewelers should observe while locking up for the long weekend.

Located on Rodeo Drive, the store’s design was inspired by Hollywood and Los Angeles culture.

The countdown is on for the JCK Las Vegas Show and JA is pulling out all the stops.

The new location continues the brand’s celebration of its 25th anniversary.

The online watch marketplace’s “Time Is Our Thing” campaign highlights the importance of time.

Working with Amazon’s Counterfeit Crimes Unit and law enforcement, Pandora helped to shut down a large-scale counterfeit network in China.

The jewelry company has closed its three California brick-and-mortar stores, as well as its online shop, for now.

The company is providing the opportunity for an FIT student to work alongside master diamond cutter Willie Lopez in its workshop.

He is remembered for his successful entrepreneurship, generosity, and dedication to his family.

The jewelry store chain has reportedly been struggling with costs related to tariffs as well as tough retail competition.

Welcome warm summer days with red hot rubies perfectly chosen as July’s birthstone.

Co-founders Afzal Imram and Lin Ruiyin brought their son’s story of a cosmic egg, toadstool, and railroad to life in their new collection.

The best time to prepare for the holiday season is right now, according to columnist Emmanuel Raheb.

This year’s winner is Morgan Keefe, who is currently studying at GIA to be a gemologist.

“The Jewelry Book” comes out this September.

The company is focused on modernizing the custom jewelry buying experience with e-commerce tools like product visualization and 3D styling.

Following its recent acquisition, the storied brand has updated its leadership team and regional managers.

AGS also named the recipient of its “Women in Leadership” scholarship.

The 20-karat yellow gold and diamond wrap ring is modeled after the Monstera plants in the garden of the brand’s Miami villa.

Rocksbox President Allison Vigil shared the retailer’s expansion plans, and her thoughts on opening stores in malls.

The creator of the WJA Chicago chapter is remembered as a champion for women in the jewelry industry and a loving grandmother.

The decline was consistent across age groups and almost all income groups, with tariffs and inflation still top of mind.