Our Commitment To Sustainability
Shaping the Future with Responsibility
Our Commitment To Sustainability
Shaping the Future with Responsibility
SUSTAINABILITY
At Samarth Diamond, we strive to inspire Sustainable Luxury. We believe that true luxury stems from responsible practices and ethical standards. By focusing on environmental conservation, product integrity, social stewardship, and robust governance practices, we aim to lead the industry in sustainable diamond manufacturing. This commitment not only ensures that our diamonds are of the highest quality but also shows our dedication to making a positive impact through provenance.
Key Milestones of 2024
Looking ahead, climate change remains one of the most pressing global challenges, and we at Samarth Diamond are fully committed to taking meaningful action. Our sustainability strategy focuses on reducing greenhouse gas emissions and driving energy efficiency throughout our operations.
Beyond environmental efforts, we are updating our policies, strengthening our partnerships, and expanding our initiatives for community development and responsible sourcing. These efforts ensure that we remain a leader in ethical business conduct while fostering long-term value for our stakeholders.
During the financial year 2023-24, Samarth Diamond have undertaken several initiatives along its sustainability journey and they are explained below:
SUSTAINABILITY
At Samarth Diamond, we strive to inspire Sustainable Luxury. We believe that true luxury stems from responsible practices and ethical standards. By focusing on environmental conservation, product integrity, social stewardship, and robust governance practices, we aim to lead the industry in sustainable diamond manufacturing. This commitment not only ensures that our diamonds are of the highest quality but also shows our dedication to making a positive impact through provenance.
Environmental Synergy
- 60% savings in electricity by Solar power plant of 1.5MW.
- Investment made to harness wind energy
- Integration of green space by planting 22,000 plants
- Usage of electric vehicles
- Green Infrastructure with DGU Glass and Sandwich Panel Walls
- Rainwater Harvesting System
Product Integrity
- Traceability system of “Mines to Market”
- Committed to Know Your Customer (KYC) and Know Your Member(KYM).
- Responsible Sourcing Policy
Social Stewardship
- Presence of POSH committee
- Performance-linked incentive scheme
- Skill, health and safety trainings conducted yearly.
- Cover of Rs. 1,00,000 for medical expense for every employee
Responsible Business Conduct
- Certification from Responsible Jewellery Council (RJC)
- Alignment with DeBeers Best Practice Principles
- Active Anti Money Laundering (AML) Compliance
- Alignment with Watch and Jewellery Initiative 2030 (WJI2030) principles.
At Samarth Diamond, we are committed to reducing our carbon footprint and embracing renewable energy solutions. By investing in solar, we not only minimize our environmental impact but also contribute to a cleaner, greener future for generations to come.
Wind energy is a cornerstone of our environmental initiatives. By harnessing the power of wind, we reduce our carbon footprint and contribute to a cleaner, greener future.
Rainwater Harvesting
Approx. 25 Million Ltr. rainwater recharged per annum through rainwater from building and the open plot at Samarth Campus.
A Green Campus with 22000 Trees
Samarth campus is equipped with 22000 Trees absorbing aprox. 22 Kg of Co2.
SUSTAINABILITY
At Samarth Diamond, we are committed to reducing our carbon footprint and embracing renewable energy solutions. By investing in solar, we not only minimize our environmental impact but also contribute to a cleaner, greener future for generations to come.
Wind energy is a cornerstone of our environmental initiatives. By harnessing the power of wind, we reduce our carbon footprint and contribute to a cleaner, greener future.
Read More…Rainwater Harvesting
Approx. 25 Million Ltr. rainwater recharged per annum through rainwater from building and the open plot at Samarth Campus.
A Green Campus with 22000 Trees
Samarth campus is equipped with 22000 Trees absorbing approx. 22 Kg of Co2.
RJC Certified Company
RJC is the global membership and standards body for responsible jewellery throughout the entire supply chain – from mine to retail. Their ‘Code of Practice’ references key development frameworks, including the Universal Declaration of Human Rights, ILO Principles and UN Global Compact and Sustainable Development Goals (SDGs).
Samarth Diamond is a certified member of Responsible Jewelry Council. This indicates that we follow high standard concerning human rights, compliances, traceability, sourcing of our rough diamonds.
Renewable Energy
Samarth Diamond has its own Solar power plant of Capacity 1.5 MW . This fulfills 45% of Samarth Diamond electricity. Samarth Diamond has also its own Windmill. This helps another 40% of electricity consumption. So total Samarth Diamond gets 85% of its electricity from renewable source of energy.
We have started our work on calculating carbon footprint and soon we will be publishing reports every year for the same. We target to become carbon neutral by 2030.
Compliances
For us, compliance is not just a requirement, but rather a reflection of what we believe in! We leave no stones unturned to ensure that we uphold the highest standards of responsible and ethical business practices. One can notice our commitment to compliance by the certifications we receive and adherence to industry regulations.
RJC Certified Company
We are an RJC certified company, which showcases our commitment to responsible practices.
Passed BPP
We successfully passed the BPP (DTC Audit Process) compliance audit for our factory premises.
DTC Registered
We are registered in DTC for direct supply of rough diamonds.
Compliances
For us, compliance is not just a requirement, but rather a reflection of what we believe in! We leave no stones unturned to ensure that we uphold the highest standards of responsible and ethical business practices. One can notice our commitment to compliance by the certifications we receive and adherence to industry regulations.
RJC Certified Company
We are an RJC certified company, which showcases our commitment to responsible practices.
Passed BPP
We successfully passed the BPP (DTC Audit Process) compliance audit for our factory premises.
DTC Registered
We are registered in DTC for direct supply of rough diamonds.
Traceability
We believe in doing business ethically and understand that its out responsibility to follow compliances. Our in-house traceability software assures chain of custody of each single diamond.
Each diamond at Samarth goes through single diamond single parcel system which is traceable to its Kimberley Process Number (KP Number) and origin. It gives confidence to our clients in doing business with full traceability.
- We have been audited by world’s leading auditing companies for the traceability of diamonds in our factory.
- We have also audited for DeBeers Pipeline Integrity (PI).