“Precious metals and gems are often used to commemorate the most sacred and momentous events in the human experience,” an Alliance spokesperson said. “It is unconscionable that these gifts are built on human suffering and injustice. As investors, we need to see greater action—including improved standards and certifications—from the manufacturers and retailers in this space.”
The investors recognized that some companies in the jewelry industry are taking important steps to address human rights risks in their supply chains, but that most fall short of meeting international standards. In February, Human Rights Watch released a report scrutinizing the practices of over a dozen jewelry and watch brands.
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