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SCS Global Services, a third-party sustainability certification provider, and iTraceiT, a provider of traceability solutions for the diamond and jewellery sector, are collaborating on development of the first hybrid sustainability and traceability certificate for diamonds and jewellery.
It will combine SCS Sustainability Rated Diamonds Certification data with iTraceiT’s traceability technology to offer detailed information about the origin, journey and sustainability impact of diamonds and other jewellery components across the supply chain.
The collaboration is expected to result in a final certificate release in 2025, with development already underway.
The collaboration comes in response to growing consumer demand to understand the entire journey of the products they buy, including their social and environmental impact.
The combined expertise of SCS and iTraceiT aims to provide retailers and brands with the tools they need to offer clear and verifiable sustainability information to their customers.
Matt Rudolf, CEO of SCS Global Services, said: “Consumers today are looking for more than just quality products. They want verified information about the origins of products and the impact of their manufacturing. By working with iTraceiT, we’re helping the diamond and jewellery industry meet those expectations by offering clear, credible insights into the sustainability of all jewellery components.”
Frederik Degryse, CEO of iTraceiT, added: “After a thorough search for a best-in-class sustainability partner, we chose SCS Global Services because of their 40-year track record in sustainability audits.
“I have always believed that traceability is essential for any ESG reporting. You need to know what journey a product went through before you can show its carbon footprint or demonstrate that workers were fairly compensated. By combining our traceability platform with SCS’s audit expertise, we will provide a comprehensive solution for the industry.”
