Slide1 l.jpg
This presentation is the property of its rightful owner.
Sponsored Links
1 / 19

Tiffany & Co. PowerPoint PPT Presentation


Tiffany & Co. . Michael Floskis Silver Users Association Fall Conference November 6-7, 2007 Washington, DC. Tiffany & Co. Who We Are. Designer, manufacturer and retailer of fine jewelry Over 167 jewelry retail stores worldwide 2006 Revenue $2.65 Billion 8,900 full time employees.

Download Presentation

Tiffany & Co.

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Slide1 l.jpg

Tiffany & Co.

Michael Floskis

Silver Users Association

Fall Conference

November 6-7, 2007

Washington, DC


Slide2 l.jpg

Tiffany & Co. Who We Are

  • Designer, manufacturer and retailer of fine jewelry

  • Over 167 jewelry retail stores worldwide

  • 2006 Revenue $2.65 Billion

  • 8,900 full time employees


Concerns with mining for the jewelry industry l.jpg

Concerns with mining for the Jewelry Industry

  • Trade of conflict diamonds

  • Labor Rights

  • Environmental issues

    • Cyanide is used by large mining operations to separate gold and silver from the ore

    • Large mines dump toxic water

    • Abandoned mines and waste


Tiffany co view on sustainability l.jpg

Tiffany & Co. View on Sustainability

“Tiffany & Co. is committed to obtaining precious metals and gemstones in ways that are socially and environmentally responsible-it is simply the right thing to do, and our customers expect no less”

-Michael J. Kowalski, Chairman & CEO, Tiffany & Co.


Tiffany co working together with the jewelry industry and non governmental organizations l.jpg

Tiffany & Co.: Working together with the jewelry industry and non-governmental organizations

  • Leading role in working closely with:

    • Producers

    • Other end users of precious metals

    • Jewelry industry groups

    • Interested non-governmental organizations

  • One of the organizations that established the Framework for Responsible Mining: A Guide to Evolving Standards

    www.frameworkforresponsiblemining.org


Tiffany co stance on hard rock mining l.jpg

Tiffany & Co.: Stance on Hard Rock Mining

  • Support reform of the General Mining Law of 1872

  • Support legislation to assist in cleaning up abandoned hard rock mines

  • Believe that mining on our public lands is a privilege and must be carefully measured against alternative use, including recreation and conservation

  • Tiffany & Co. has publicly-and-actively-opposed inappropriate mine development on environmentally and sensitive lands


Tiffany co principled position on burmese gemstones l.jpg

Tiffany & Co.: Principled Position on Burmese Gemstones

  • Most of the finest specimens of rubies are mined in Myanmar (Burma)

  • US government in 2003 enacted the Burmese Freedom and Democracy Act of 2003

  • Technically permissible to import rubies mined in Burma but cut and polished in other countries

  • Tiffany & Co. is one of the few retailers that respects both the letter and the spirit of the legislation


Tiffany co promoting ethical business conduct l.jpg

Tiffany & Co.: Promoting Ethical Business Conduct

  • A founding member of the Council for Responsible Jewellery Practices

    http://www.responsiblejewellery.com/index.htm

  • Founded in 2005

  • Other founding members include:

    • Zales

    • Signet Group

    • Rolex, S.A.


Tiffany co a focus on conserving marine habitats l.jpg

Tiffany & Co.: A Focus on Conserving Marine Habitats

  • Coral has long been used in fine jewelry

  • Tiffany & Co. since 2003 refuses to use the precious resource coral in our collections


Tiffany co internal actions towards sustainability l.jpg

Tiffany & Co. Internal Actions towards Sustainability

Phase I: Ensured use of only non-conflict diamonds

Tiffany & Co. diamonds primarily come from three geographic regions

  • Canadian Arctic

  • Africa

  • Russia

  • Created Laurelton Diamonds, a wholly owned subsidiary that provides rough diamonds and manages the worldwide supply chain

    Phase II: Ensure use of responsibly mined metals


  • Tiffany co internal actions towards sustainability11 l.jpg

    Tiffany & Co. Internal Actions towards Sustainability

    Ensure the use of precious metal from responsible sources:

    • The largest portion of the gold and silver contained in Tiffany & Co. jewelry is obtained from a US copper mine which operates in a sustainable and environmentally sound manner

    • Established a process to support the use and distribution of responsibly mined metals for the manufacturing of Tiffany & Co. products


    Tiffany co views on mining l.jpg

    Tiffany & Co. Views on Mining

    • New mine development should not occur on lands of high ecological or cultural value

    • Air and water contamination should be minimized

    • The principle of informed community participation in mine development should be embraced

    • Basic human rights should be respected by all parties

    • Mine operators should provide for appropriate and fiscally sound financial guarantees to cover the costs of cleaning up and closing mines

    • Mine wastes should not be placed in rivers, streams, lakes or near shore ocean water


    Tiffany co responsible metal source mine process l.jpg

    Copper Liberators

    Electrolyte Circulation

    Filtration

    Filtration

    Electrolytic Cells

    Chlorination Leach

    Copper Cathode

    Tiffany & Co.: Responsible Metal Source Mine Process

    Autoclave

    Gold

    Recovery

    Selenium

    Recovery

    Lead

    Recovery

    Silver

    Recovery

    Lead

    Carbonate

    Selenium

    Powder

    Gold Bars

    Silver Bars


    Responsible metals supply chain flow l.jpg

    Responsibly Mined

    Silver & Gold

    Components

    Responsible Metals: Supply Chain Flow

    Tiffany & Co.

    Responsible

    Mine

    Component

    Vendors

    Internal

    Manufacturing

    Finished Good

    Vendors

    Finished Goods

    Finished

    Goods

    Tiffany & Co.

    Distribution

    Center


    Tiffany co silver product process l.jpg

    Tiffany & Co.: Silver Product Process


    Tiffany co silver products l.jpg

    Tiffany & Co.: Silver Products


    Tiffany co foundation l.jpg

    Tiffany & Co. Foundation

    In addition to supporting education and advancement of the arts, The Tiffany & Co. Foundation focuses on several areas of environmental interest

    • Responsible Mining

      • Supports the work of a number of nongovernmental organizations dedicated to building a framework for responsible mining that meets industry needs for precious gemstones and metals while minimizing environmental impacts

    • Coral Reef Conservation

      • Supports research and community-led work focused on halting the destruction of coral reefs that result from

        • over-fishing

        • shore development

        • effects of global warming

    • Land Conservation

      • Supports land conservation initiatives at both the national and the local level

      • Especially active in supporting efforts to preserve open spaces in urban settings


    Tiffany co l.jpg

    Tiffany & Co.


    Slide19 l.jpg

    THANK YOU

    Speaker:

    Michael Floskis

    Director of Finance

    Tiffany & Co.

    300 Maple Ridge Drive

    Cumberland, RI 02864

    (401) 288.0101

    [email protected]


  • Login