Lavari Jewelers recognizes the fact that entities in the gems and Jewelry sector have to take on the onus of analysing their potential vulnerabilities to money laundering and implement specific steps that are required for protection against abuse by criminals.
Strict compliance is ensured at all times, with all applicable national and, where appropriate, international laws / regulations with respect to money laundering, terrorism financing, bribery, facilitation payments, corruption, smuggling, embezzlement, fraud, racketeering, transfer pricing and tax evasion.
Critical steps such as the collection of Know Your Customer and Know Your Vendor forms, identification of a suspicious transaction, reporting to management and record keeping as required by the local act and legislations are complied with.
Customer Code of Conduct
Lavari Jewelers must at all times conduct its business activates with integrity and in full compliance with all laws and regulations that govern its business practices. Additionally, the Company conducts its business practices in compliance with RJC and other voluntary regulatory agencies. To that end, our publicly available Ethics Code (https://lavarijewelers.com/ethics-code) is applicable to all of our vendors and is incorporated into the Customer Code of Conduct (Customer Code). The Company expects customers to act within the spirit of the Customer Code and Ethics Code.
A “customer” refers to any individual, corporation, proprietorship, or firm that purchases or receives good or service from Lavari Jewelers and its subsidiaries. Lavari Jewelers expects all customers to comply with the Customer Code when conducting business with or on behalf of Lavari Jewelers.
Lavari Jewelers is committed to adhering to all laws regarding environmental impact. Additionally, the Company has invested in energy efficient Air-conditioning units and LED lighting installed throughout the office. Employees are instructed to utilize the recycling bins located centrally in the office. We hold all of our suppliers to legal and RJC standards, whichever is more stringent in their local areas. Reusing supplies, such as plastic Jewelry bags, is encouraged by the Company.
Vendor Code of Conduct
Lavari Jewelers must at all times conduct its business activates with integrity and in full compliance with all laws and regulations that govern its business practices. Additionally, the Company conducts its business practices in compliance with RJC and other voluntary regulatory agencies. To that end, our publicly available Ethics Code (https://big-jewelry.com/pages/ethics-code) is applicable to all of our vendors and is incorporated into the Vendor Code of Conduct (Vendor Code). Lavari Jewelers expects all vendors to comply with their local laws. The local law governing a vendor’s business supersedes anything written in the Ethics Code. Vendor’s not adhering to local law or to the Company’s Ethical Code and Vendor Code of Conduct run the risk of no longer working with Lavari Jewelers.
Vendor’s are expected to pay regular and overtime wages as required by applicable law. Vendors are expected to respect the basic rights of its employees when conducting business with, or on behalf of, Lavari Jewelers. Additionally, vendors are expected to comply with all health and safety requirements. If local law does not require, Lavari Jewelers expects vendors to provide safety trainings, first aid supplies, and personal protective equipment (PPE) to its employees. Under no circumstances will Lavari Jewelers condone coercion, blackmail or similar behaviour by on its vendors to its employees.
A “vendor” refers to any individual, corporation, proprietorship, or firm that provides good or service to Lavari Jewelers, its subsidiaries, or indirectly to our clients. Lavari Jewelers expects all vendors to comply with the Vendor Code when conducting business with or on behalf of Lavari Jewelers.
Lavari Jewelers is committed to fighting against undisclosed synthetic diamonds. The following methodology has been adapted for ensuring compliance to undisclosed synthetic Diamonds –
- Buying from trusted suppliers who are compliant with our Lab Grown Diamond Policy.
- Where applicable, necessary declaration of compliance is obtained from the supply chain and chain of assurance is passed on the customers by printing synthetic declarations on all its invoices.