Monica Rich Kosann Becomes Certified B Corporation

TrendsSep 14, 2020

Monica Rich Kosann Becomes Certified B Corporation

The designation is awarded to socially and environmentally friendly companies.

Monica Rich Kosann’s “Sun, Moon and Stars Gate Locket” in 18-karat gold with diamonds is new for fall. The company is now a Certified B Corporation, a designation awarded to socially and environmentally friendly companies.

New York—A third party can now assure customers their money is well spent with Monica Rich Kosann.

The jewelry design company is now a Certified B Corporation. The designation is awarded to socially and environmentally friendly companies.

According to Certified B, “Certified B Corporations are businesses that meet the highest standards of verified social and environmental performance, public transparency and legal accountability to balance profit and purpose.

“B Corps are accelerating a global culture shift to redefine success in business and build a more inclusive and sustainable economy.”

Currently, there are 3,522 Certified B companies across 150 industries in 74 countries. Some of the most well-known are Vermont ice cream maker Ben & Jerry’s and social media company Hootsuite.

Monica Rich Kosann (MRK) CEO Rod Kosann explained that receiving the B Corp designation through B Labs “was a long process” that took more than a year and evaluated five areas: governance, workers, customers, environment and community.

Being a B Corp company means continuous evaluation and improving upon business practices, Kosann explained.

Currently, some examples of the brand’s social and environmental considerations include working with vetted manufacturing partners, including many precious metals suppliers that are also members of the Responsible Jewellery Council.

Additionally, more than half of the gold the company uses is recycled.

On the packaging front, MRK utilizes 70 percent recycled cardboard packaging for jewelry boxes and 100 percent Sustainable Forestry Initiative-certified tissue paper.

The company’s UPS Ground Shipping is conducted through their carbon offset program, which supports verified emission reduction projects around the world.

When it comes to battling gender inequality in the workplace, 92 percent of the MRK team are women, with all business managers other than the CEO being women.

Through the years, MRK has raised money for several charitable organizations through its Monica Cares initiative. Recent efforts have benefitted front line health care workers, Blessings in a Backpack, Embrace Race, and the Kips Bay Boys and Girls Club.

A current selection of specially designed jewels from the Poesy Ring Collection donate more than 50 percent of proceeds to partner organizations North Shore Animal League America and Women in Need.

MRK will undergo an additional review process to maintain its B Certification every three years.

Amber Vittoria x Monica Rich Kosann “Unity” illustration and ring

Meanwhile, on the design front, the company recently partnered with fellow New York City-based artist and illustrator Amber Vittoria on three commissioned illustrations inspired by

three MRK “Poesy” stacking ring styles.

“I have always admired the strength, bold use of color and graphic artistry of Amber Vittoria’s illustrations,” the designer Kosann said.

The Poesy rings range in price from $48 for silver versions and $2,345 for 18-karat gold with diamond and gemstone iterations. Half of the proceeds from one of the designs, the “Unity” ring, will benefit organization Embrace Race.
Ashley Davisis the senior editor, fashion at National Jeweler, covering all things related to design, style and trends.

The Latest

MajorsNov 24, 2021
Here Are This Year’s Black Friday Jewelry, Watch Deals

From Amazon to Zales, several retailers have deals lined up for the shopping holiday.

MajorsNov 24, 2021
Former JCK Associate Publisher Donna Borrelli Dies

The longtime industry veteran had a breakthrough case of COVID-19.

MajorsNov 24, 2021
Samuel B Has Now Donated More Than 1M Meals to Feeding America

The company donates 10 meals to the nonprofit for every piece of jewelry it sells.

Brought to you by
Train Your Staff Today with Interactive eLearning

Join the prestigious brands, industry organizations and sellers using IGI’s educational services.

CollectionsNov 24, 2021
Piece of the Week: Sorellina’s Lover’s Bypass Ring

It’s double the toi et moi fun.

Weekly QuizNov 23, 2021
This Week's Quiz
Test your knowledge of jewelry news from the week of Nov. 22-26, 2021.
Take the Quiz
ColumnistsNov 23, 2021
When Did You Know You Wanted To Be in Sales?

A question from an astute young relative has Peter Smith pondering this question in his latest column.

Policies & IssuesNov 23, 2021
BIJC Has an I.D.E.A for Diversity Training in 2022

Starting in January, the Black in Jewelry Coalition will host webinars on addressing racial injustice and encountering racism in retail.

Brought to you by
3 Tips For Entering the Estate Market

Generate foot traffic and expand your jewelry expertise by adding an estate assortment to your store in partnership with Windsor Jewelers, Inc.

SourcingNov 23, 2021
Parlé, Gem Legacy Team Up for Giving Tuesday Fundraising Campaign

Parlé will match donations up to $15,000 in an effort to build houses for teachers at a Tanzanian primary school.