What steps has Zale Corporation taken to safeguard its diamond supply?
Zale has taken concrete, comprehensive steps to offer for sale diamonds that are “conflict-free”: • Since January 2003, our trade suppliers of diamonds and diamond jewelry have been required to guarantee to us in writing that the jewelry they supply to us is conflict-free by (1) signing a Vendor Code of Conduct certification and/or (2) incorporating the KPCS warranty into each invoice submitted to Zale. The warranty states as follows: The diamonds herein invoiced have been purchased from legitimate sources not involved in funding conflict and in compliance with United Nations Resolutions. The undersigned hereby guarantees that these diamonds are conflict-free, based on personal knowledge and/or written guarantees provided by the supplier of these diamonds. This warranty assures Zale that the vendor vouches for the legitimacy of the merchandise and that the vendor, in turn, has required the same warranty from their source of merchandise. • Zale requires its diamond vendors to recertify
