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In Group announced a ground-breaking research-based project to deliver carbon-neutral mining at a number of its operations.
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In branded as the Building Forever 2030 Goals.
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De Beers has pledged to “provide the origin and impact of every diamond we discover and sell” by 2030.
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Learn more about De Beers Group Sightholder Sales at https://www.debeersgroup.com/ about-us/our-operations/sales/global-sightholder-sales.
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We also are proud of our selection of suppliers throughout our store brands (or “banners”).
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The principles of the circular economy — a model of production and consumption that involves sharing, leasing, reusing, repairing, refurbishing, and recycling existing materials and products as long as possible — are firmly built into our business model.
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We intend to extend the life of every piece of jewelry we touch with sustainability in mind.
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When jewelry becomes unloved, our business model allows for many pieces of the jewelry to be recirculated in a new form.
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As precious metals and gemstones are the components of our jewelry, reuse is almost always possible.
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Fiscal Brilliance growth strategy, and we prioritized jewelry services and jewelry rental.
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The addition of jewelry rental leader Rocksbox to Signet’s banners provides many opportunities for innovation.
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We launched a brand partnership between Rocksbox and Banter by Piercing Pagoda, adding a demifine Banter by Piercing Pagoda collection to the Rocksbox inventory.
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We’re just as excited about launching a bridal rental program through Rocksbox in Fiscal 2023.
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Jewelry care and repair appeals to customers who care for the environment.
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Services like jewelry care and repair, as well as diamond jewelry trade-in programs, enable customers to express their love for others and themselves while knowing that many parts of jewelry placed in our care is reused, resold, or repurposed.
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a lifetime — keeping jewelry in use for as long as possible to extract maximum value.
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Customers enjoy the precious metals and gemstones in our jewelry for a lifetime and often pass them down to future generations.
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Our care and repair services allow customers to keep their jewelry in like-new condition.
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Jewelry design services allow customers to collaborate with our professional artisans to redesign heirlooms or pieces that need refreshing.
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Signet banners host Custom Design and Jewelry Repair Events throughout the year to invite customers to bring in pieces for consultation with a Signet jewelry consultant.
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Signet’s artisans all over the US can access the diamond room inventory while working on repairs and custom designs.
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Our Remixed Reimagined line — produced using diamonds that have been traded in — are stored in Signet’s diamond room.
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CC&S REPORT Cat Morgan, Jared Master Jeweler, assists a customer with a custom design.
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We provide customers with care and repair services to keep their cherished jewelry appearing new and shiny.
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As tastes evolve, customers trade in diamond jewelry for updated styles.
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Signet takes in thousands of pieces of jewelry each year through our trade-in programs.
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These pieces go to our diamond room, where they are valued and sorted for resale.
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We restock loose stones and send them to our in-store design centers, where they are available to our artisans as elements for new designs.
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We send metals and precious metals from pieces that are not restocked as a Previously Owned Treasure to a refinery.
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Gold, platinum, and silver are smelted and resold to jewelry manufacturers to produce new jewelry.
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Remixed Reimagined Signet’s fine-jewelry line, using reclaimed gold and repurposed diamonds, showcases many of our circular economy business principles and leverages many of our circular economy initiatives.
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The Remixed Reimagined line breathes new, contemporary life into reclaimed gold and repurposed diamonds.
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We created the collection inside Signet, to design as a fashionforward line that leveraged our circular economy initiatives.
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Signet’s diamond room — a warehouse of stones from jewelry trade-ins.
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Signet has maintained long-term relationships with multiple refineries to purchase and sell precious metals.
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These relationships enable us to recirculate precious metals through the circular economy.
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We attempt to reuse every component of trade-in jewelry, even including the diamond dust, which is diamond particles and shavings from the repair of jewelry.
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Through this principle, we demonstrate our commitment to the circular economy by recirculating many of the components of the jewelry we work with.
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RECOVERED Through numerous programs, customers can cherish precious metals and gemstones forever.
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FRAMEWORKS Jewelry Care and Repair Services Signet is the nation’s largest provider of jewelry repair services — with on-site jewelers in all Jared stores and in select Kay and Zales stores.
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In Fiscal customized, or repaired 3.5 million pieces of jewelry.
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Our warranty programs provide customers with the opportunity to keep their jewelry in perfect condition by doing basic repairs such as fixing broken clasps.
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and restoration services, where customers bring in any piece in their jewelry box for restoration services even if it was not purchased at a Signet banner.
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Restoration events invite customers to bring in treasured jewelry for a bold refresh.
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Our trained jewelry specialists clean, inspect, and repair fine jewelry and — in many cases — recommend the appropriate service ranging from repairing to refurbishing.
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Some jewelry just needs a good cleaning or simple repair to look new again.
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In other cases, Signet artisans work with customers to design a new setting or to refinish jewelry to look new once again.
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For example, jewelry can be replated from silver to gold.
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The Jared Foundry Jared’s talented team of artisans work with customers on bespoke jewelry with a full range of options, from altering an existing piece to creating a design from scratch.
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The Jared Foundry artisans’ team codesign pieces with customers and create a personalized customer experience.
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The artisans utilize technology to review each step from initial sketch to finished jewelry with customers.
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A visit to the Jared Foundry will spark our customers’ imaginations with seemingly infinite possibilities.
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INSPIRE DESIGN CUSTOMIZE “Services are an instrumental component of the customer experience.
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ACCELERATE SERVICES CASTING After the customer approves the wax figure, the custom piece is skillfully cast and set with the metal and gemstones selected by the customer. MODEL Jared creates wax figure replica of the customer’s design to allow the customer to test-drive the new custom jewelry to ensure they love every detail and are ready to move to the final stages.2 COMPLETION The Jared artisan hand sets the gemstones or diamonds, polishes the piece, and presents the finished masterpiece to the customer.4 DESIGN The Jared artisans work hand-in-hand with the customer to conceptualize a design as a first step in creating a luxe custom piece.
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Customers are invited to bring a sketch, snapshot, family heirloom, or even a description as inspiration.
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The Jared artisan will guide the customer as they navigate their options from choosing metal color to diamond shape and many design details.
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Custom Design Services Our artisans assist customers in creating new pieces of jewelry from early concepts to beautiful, unique finished pieces.
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Our skilled jewelers assist in transforming worn or broken fine jewelry, regardless of where it was purchased, to beautiful, like-new pieces.
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We also offer custom design services that allow customers to reimagine family heirlooms or redesign out-of-date pieces.
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Customers can choose to personalize an available piece with hand-selected stones and inscriptions.
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“At Rocksbox we live the joy of jewelry every day.
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Our team members and our customers share a passion for a sustainable lifestyle.
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and services that contribute to the circular economy.
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We offer both a secure and convenient option for exchanging gold and platinum.
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The Kay Jewelers Gold Exchange provides an opportunity for customers to sell their used, unwanted gold and platinum jewelry through a convenient and secure program.
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Kay Jewelers pays competitive prices for gold and platinum.
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We record customer items being unpacked and processed, and we post the video to their online accounts for viewing.
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Customers also are incentivized with the option of a Kay gift card that exceeds the value of a cash payment.
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Rocksbox Rocksbox is a jewelry rental membership that allows members to discover new looks and trends or add classic styles to their jewelry collections.
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For a monthly subscription fee, members receive three pieces of jewelry in a set mailed to their doors.
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There is no limit to the number of sets that can be received every month, and the monthly membership fee can be applied as a credit toward the purchase of any piece from their set.
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Rocksbox allows sustainability-conscious customers to move away from fast fashion and make choices in line with their values by renting jewelry.
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Rocksbox partnered with Banter by Piercing Pagoda to launch the Banter capsule collection.
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These collaborations appeal to both new and loyal customers.
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In Fiscal box launch that includes jewelry and hair accessories.
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The COVID-impact on Signet’s carbon footprint in Fiscal 2021.
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A combination of temporary store closures, remote working, and business travel restrictions contributed to less energy consumption and fuel use, significantly reducing our GHG emissions.
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Data is collected and reviewed annually based on Signet’s fiscal year, approximately February 1 to January 31.
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We engage a third-party consultant to assist with the data gathering process.
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Where complete data is not available, conservative estimates based on geography, store size, and like-for-like comparisons have been used.
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Index The Value Reporting Foundation is a global non-profit organization that offers a comprehensive suite of resources designed to help businesses and investors develop a shared understanding of enterprise value — how it is created, preserved, and eroded.
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Below is Signet’s response to the SASB Standards, an industry-specific reporting framework that allows investors to compare ESG performance across industry peers more easily.
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Signet is assigned to the Apparel, Accessories & Footwear industry, Consumer Goods sector by SASB’s Sustainable Industry Classification System (SICS).
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As a retailer that sells multiple product lines, Signet also reports under the Multiline and Specialty Retailers & Distributors industry, Consumer Goods sector.
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Responses in the far-right column of this table disclose a specific data point or indicate where you can find more information about each of these topics.
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The following data was compiled for Signet’s CMR disclosure.
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As of the end of December from 699 direct merchandise suppliers based on individual vendor numbers, representing 369 companies.
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In the jewelry industry there are many companies that have multiple brands that are reflected as individual suppliers based on vendor numbers.
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In addition, Signet annually requests the Tier as part of our annual Vendor Buying Agreement (VBA) process.
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Signet contracts with a certified third party, Clean Harbors, for regular safe disposal.
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Our Solution Exchange Policy requires a log to ensure the process is conducted in a timely manner.
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Our operations rarely generate other types of hazardous waste, but when they do we follow all legal requirements and compliance procedures to dispose of it safely.
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The E&S report was voluntary in Fiscal mandatory for all Signet suppliers in Fiscal 2023.
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The Fiscal of their operations in water-stressed areas.
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In addition, an audit of wastewater discharge permits is included in the scope of the ethical audits conducted by Signet.
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Ethical audits are onsite factory audits with a broader scope than social audits.
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Our vendor for ethical audits is QIMA and we refer to the audits as "QIMA ethical audits" or "Signet ethical audits.
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Please refer to data above regarding Signet suppliers that are certified RJC members.
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In addition, Signet’ conducts ethical audits with an environmental component.
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(audited to a labor code of conduct, (3) percentage of total audits conducted by a third-party auditor.
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