New in Market,, D-SRSP by Signet Jewelers
With an approach and an initiative to dedicate to the continuous advance in the wholeness of the universal diamond supply chain, Signet Jewelers Limited has introduced the Signet Responsible Sourcing Protocol for diamonds. Regarded as D-SRSP, Signet Responsible Sourcing Protocol for diamonds is a protocol that proffers better and improved transparency.
Signet Jewelers Limited has established the Signet Responsible Sourcing Protocol for diamonds, the role of this protocol is to offer increased transparency along with the assurance to the incessant upgradations in the integrity and veracity of the comprehensive global diamond supply chain. The D-SRSP (Responsible Sourcing Protocol for diamonds) is a joint effort of the Signet that includes the expert opinions from diamond industry and civil society in addition to the governments. The experts advice are gathered from the some leading jewelry industries and groups such as De Beers Group, the United States Jewelry Council, Partnership Africa Canada and Rio Tinto. Further, some more prominent names that have played the critical role in launching the D-SRSP are Dominion Diamond Corporation, WFDB (World Federation of Diamond Bourses), International Diamond Manufacturers Association and Jewelers of America along with Diamond Development Initiative and the officials from OECD (Organisation for Economic Cooperation and Development). Moreover, Governments and the diamond suppliers of Signet from all over the globe contributes to the formation of this protocol. Mark Light, CEO of Signet illustrates D-SRSP by saying that it is built on existing diamond industry standards, including Guiding Principles on Business and Human Rights as well as the OECD’s Due Diligence Guidance for ‘Responsible Supply Chains’ to make sure the lucidity through a shared process that is realistic and feasible. The protocol entails suppliers to embark on assiduousness while sourcing diamonds to the Signet. A report by Signet reveals that they are encouraging the companies who are in the diamond industry to espouse the D-SRSP and use it in their supply chains.