Ethical Business (Supply Chain Policy)
M.Tarun Diamonds Pvt. Ltd. is a diamond trading business committed to respecting human rights, avoiding contributing to the financing of conflicts, and complying with all relevant UN sanctions, resolutions, and laws.
As a member of the Responsible Jewellery Council (RJC), we commit to independent third-party verification that we:
Respect human rights according to the Universal Declaration of Human Rights and International Labour Organization Declaration on Fundamental Principles and Rights at Work.
Do not engage in or tolerate bribery, corruption, money laundering, or finance of terrorism.
Support transparency of government payments and rights-compatible security forces in the extractives industry.
Do not provide direct or indirect support to illegal armed groups.
Enable stakeholders to voice concerns about the jewellery supply chain.
Implement the OECD five-step framework as a management process for risk-based due diligence for responsible supply chains of minerals from conflict-affected and high-risk areas.
We also commit to using our influence to prevent abuses by communicating our ethical sourcing policy to all our suppliers, carrying out due diligence, and assessing risks of their suppliers to ensure compliance with OECD guidelines.
We will not tolerate or profit from, contribute to, assist, or facilitate the commission of serious abuses associated with the extraction, transport, or trade of minerals, including:
Torture, cruel, inhuman, and degrading treatment
Forced or compulsory labour
The worst forms of child labour
Human rights violations and abuses
War crimes, violations of international humanitarian law, crimes against humanity, or genocide.
We will immediately stop engaging with upstream suppliers if we find a reasonable risk that they are committing abuses as mentioned in this policy or linked to any party committing these abuses.
We only buy or sell diamonds that are fully compliant with the Kimberley Process Certification Scheme and, as such, will not tolerate direct or indirect support to non-state armed groups, including, but not limited to, procuring diamonds/gold/silver/platinum group metal from, making payments to, or otherwise helping or equipping non-state armed groups or their affiliates who illegally:
a. Control mine sites, transportation routes, points where diamonds are traded, and upstream actors in the supply chain
b. Tax or extort money or diamonds at mine sites, along transportation routes or at points where diamonds are traded, or from intermediaries, export companies or international traders.
We will immediately stop engaging with upstream suppliers if we find a reasonable risk that they are sourcing from, or are linked to, any party providing direct or indirect support to non-state armed groups.
We affirm that the role of public or private security forces is to provide security to workers, facilities, equipment, and property in accordance with the rule of law, including laws that guarantee human rights. We will not provide direct or indirect support to public or private security forces that commit abuses or that act illegally.
We will not offer, promise, give or demand bribes, and will resist the solicitation of bribes, to conceal or disguise the origin of minerals or to misrepresent taxes, fees, and royalties paid to governments for the purposes of extraction, trade, handling, transport, and export of minerals. We will support and contribute to efforts to eliminate money laundering where we identify a reasonable risk resulting from, or connected to, the extraction, trade, handling, transport, or export of minerals.
Regarding money laundering: We will support and contribute to efforts to eliminate money laundering where we identify a reasonable risk resulting from, or connected to, the extraction, trade, handling, transport, or export of minerals.
Policy Statement on Responsible Business Practices - RJC
M. Tarun Diamonds Pvt. Ltd. is involved in Diamond Trading and is a member of the Responsible Jewellery Council (RJC). As an RJC member, we commit to operating our business in accordance with the RJC Code of Practices. We commit to integrating ethical, human rights, social, and environmental considerations into our day-to-day operations, business planning activities, and decision-making processes.
Due Diligence and Risk Assessment Policy
Due diligence provides companies with the information they need to identify risks to prevent or mitigate adverse impacts associated with their sourcing practices. As part of customer and supplier due diligence, the company shall collect information from all customers and suppliers, including KYC information. The company shall not continue its business relationship with any supplier found in violation of Conflict-Affected and High-Risk Areas (the 'OECD Guidance').
The company shall communicate to suppliers that they will undertake supply chain due diligence and risk management consistent with the company's supply chain policy. The compliance office shall be appointed to ensure compliance with ethical supply chain policy and due diligence risk assessment and management system. The due diligence and risk assessment procedure shall be carried out annually. In case of identification of any high-risk areas, a risk mitigation plan shall be implemented.
Provenance Claim
The policies relating to this section are part of the Business Principles adopted by the company and are presented below for reference: "The company shall ensure all its Provenance Claims made will be fully valid along with available evidence to support the Claim(s)." Based on the written assurance from our supplier, our diamonds are not originated from Mbada and Marange regions of Zimbabwe. The diamonds invoiced are not sourced from artisanal mines. The diamonds are in compliance with the relevant WFDB Charter on disclosure of synthetic, treated natural, and natural diamonds, OFAC guideline, and OECD standards on due diligence for the diamond supply chain. Provenance Claims may also relate to origin, sources, or practices that are specifically excluded from the supply chain, such as through a 'negative warranty.'
The company shall ensure that all claims and statements (made to consumers or other businesses) on practices in the supply chain and the origin or source of Diamonds, Synthetics, Gold, and/or Platinum through the use of both descriptions and symbols are valid. The company shall ensure that there will be no attempt to mislead consumers through illustrations, descriptions, expressions, words, figures, depictions, or symbols relating to the Provenance Claim(s). The company shall ensure that all relevant employees are aware of the provenance claim and its procedures.
Grievance Mechanism
On receiving a complaint, we will aim to:
Get an accurate report of the complaint
Explain our complaints procedure
Find out how the complainant would like it handled
Decide who is the appropriate person internally to handle the complaint, or help redirect the complaint to another entity, such as the relevant supplier or a relevant industry body
Seek further information where possible and appropriate, where the issue can be handled internally
Identify any actions we should take or monitor the situation
Advise the complainant of any decisions or outcomes
Keep records on complaints received, and the internal process followed, for at least five years.
The company has established this complaints procedure to hear concerns about circumstances in the supply chain, ethical business practices, and provenance claims. The compliance officer is responsible for implementing and reviewing this procedure. Concerns can be raised by interested parties via email to Rajesh Hingu at M.TARUN DIAMONDS PVT.LTD. at info@mtarun.com or enquiry@mtarun.com.
Supplier Risk Assessment/Due Diligence Report - Publication (Detailed report is with Compliance team and may be produced to concerned parties upon request)
Risk Assessment - Report Summary
The compliance office of the company has carried out a risk assessment in the context of OECD guidelines for all its suppliers. The company has made all its suppliers aware of ethical supply chain practices and OECD requirements. Upon verification of information provided by all our suppliers and information available in the public domain, we have verified the existence of a risk of violation of OECD guidelines. We found that all our suppliers are involved in legitimate business practices and not involved in any activity that violates OECD requirements. A detailed report for all suppliers is available with the senior management of the company.
RJC Compliance Policy
The Responsible Jewellery Council (RJC) is a not-for-profit organization with the following mission:
"To advance responsible ethical, social, and environmental practices that respect human rights throughout the diamond and gold jewelry supply chain, from mine to retail."
RJC's "Code of Practices" defines responsible ethical, human rights, social, and environmental practices applicable to all RJC members.
M.Tarun Diamonds Pvt. Ltd. has become a member of RJC and is fully committed to the Code of Practices.
We strongly encourage all our business partners to follow and implement the various requirements of the RJC system. More information about the program is available on the internet site http://www.responsiblejewellery.com.
We encourage your cooperation in adopting the standard and ensuring that the entire diamond industry is seen as a role model in setting high standards with respect to business, social, and environmental responsibilities.