When the Kimberley Scheme for conflict-free diamonds was introduced in 2003, it was one of the earliest traceability programs in ethical sourcing. But bagging and tagging rough stones is no longer the best practice: today some producers laser-etch polished stones with unique serial numbers. What about rough and colored stones? Old-fashioned record-keeping is still the norm for much of the jewelry industry: paper ledgers, spreadsheets, proprietary databases. These systems are so shoddy some shipments are being turned away from US ports for missing proof of origin. Without a digital supply chain, there are few ways to verify the source of stones. Add that to the complexity in tracking precious metals from areas at risk of conflict, and it’s clear the time has come for the jewelry industry to adopt mine-to-retail traceability for every gem, every metal ingot it purchases.
Using technology that's already proven in remote supply chains, Sourcemap is able to track and trace any number of transactions across the end-to-end supply chain. A new workflow management platform allows the data to be automatically analyzed for anomalies, approved and audited. It can even provide item-level traceability to the end customer. Sourcemap is the all-in-one due diligence solution for the jewelry sector. Click below to download our free resource on implementing responsible sourcing.