Code of Ethics
Recognizing the vital importance of conducting its business subject to high ethical standards and in full compliance with all applicable laws and, even where not required by law, with integrity and honesty, Luxe Vault Ltd has adopted a Code of Ethics applicable to the Chairman, the independent Directors, the Chief Executive Officer, the Chief Financial Officer and other senior officers of Luxe Vault Ltd Limited its subsidiaries and affiliates.
Luxe Vault has also adopted a Code of Conduct that applies to directors, officers and employees of the Luxe vault.
Code of Conduct
This Code Conduct is designed to promote honest, ethical and lawful conduct by all employees, officers and directors of Luxe Vault Ltd. The Code is intended to help employees, officers and directors understand the Company’s standards of ethical business practices and to stimulate awareness of ethical and legal issues that may be encountered in carrying out their responsibilities.
Supplier Code of Conduct
Luxe Vault Ltd has the objective to operate as a responsible high-end jewelry retailer, delivering high quality conflict free jewelry to our customers, while seeking to uphold our Social, Ethical and Environmental Principles and considering the interests of our: customers, employees, those with whom we do business, and society as a whole.
In seeking to achieve our objective we recognize that there are indirect impacts generated by our activities, in particular through our supply chain. We will seek to use our influence with those with whom we do business directly, in particular our agents and suppliers, to promote the achievement of our Social, Ethical and Environmental Principles. As a customer we believe we have an opportunity to seek to influence the social, ethical and environmental performance of our suppliers in a positive manner. In order to do so it is necessary that our suppliers, and in turn their suppliers, should understand Luxe Vault’s standards as set out in this Code. Therefore, we encourage suppliers to ensure that this Code is communicated throughout our supply chain.
All diamonds we purchase, and sell have been purchased from legitimate sources not involved in funding conflict and in compliance with United Nations Resolutions.
Luxe Vault guarantees that the diamonds are conflict free based on personal knowledge and/or written guarantees provided by the supplier. We comply in its entirety with the Kimberley Process.
We do not deal in rough diamonds rather finished polished diamonds. The Kimberly Process applies only when you are importing or exporting rough diamonds from overseas or shipping overseas. You apply for a Kimberly Process Certificate. Our diamonds are purchased from established well-known sight holders and wholesale diamond companies that comply with the Kimberley Process in its entirety.
In addition, we have a full compliance and Anti Money Laundering Program in place, which is audited and verified by two independent auditors.
The Code of Practices addresses human rights, labor rights, environmental impact, mining practices, product disclosure, and many more important topics in the jewelry supply chain.
Luxe Vault is committed to procuring gemstones, diamonds, and precious metals that are obtained through socially and environmentally responsible means. We implement and enforce efforts that assure integrity of our sources and social standards of manufacturing.
Luxe Vault Conflict Free and Kimberly Process
Ethical and Conflict-Free Diamonds – Luxe Vault Ltd Guarantee
At Luxe Vault, we are committed to our customers and where our diamonds are being sourced. We share that concern with you. Every diamond we sell is certified conflict-free in compliance with the Patriot Act, the Kimberley Process, and United Nations resolutions. Luxe Vault’s internal guidelines exceed these government requirements: we have binding contracts with our suppliers which guarantee that the diamonds we purchase comply with all applicable laws and are certified conflict-free. We only purchase polished diamonds from sources, which are members of the professional diamond trade.
Kimberley Process Compliance and America's Patriot Act
The Kimberley Process Certification Scheme (KPCS) was established by the United Nations General Assembly in 2003 to preclude diamonds associated with conflict from entering the diamond market. All KPCS Governments must certify that rough diamonds derive from sources known to be conflict-free. To extend the KPCS to polished diamonds, the World Diamond Council established a System of Warranties to guarantee that polished diamonds derive from a conflict-free rough source. Polished diamonds sold in the U.S. must adhere to the Patriot Act and sanctions by the US Treasury’s Office of Foreign Assets Control. Every U.S. dealer must maintain Kimberley compliance or be subject to penalties from Homeland Security, the U.S. Justice Department, and the U.S. Treasury.