Large luxury brands, but also small companies are setting an example. In an industry characterized by a high level of transparency, they follow their supply chains with particular care, preferring recycled gold or silver, ethically sourced gemstones and precious metals from certified sources. They are committed to fair working conditions and support local communities through fair wages and social programs. Many watch and jewelry manufacturers rely on specific certifications and standards, although some of these are criticized for their non-transparent processes. The industry includes, for example, the design, manufacture and assembly of watches, jewelry, gold and silversmith’s goods, as well as the wholesale and retail trade in gemstones, precious metals, pearls, watches and jewelry through specialist and jewelry stores and online shops. It has a transformational role, among other things, in the circular economy to produce long-lasting and reusable products as well as in ensuring fair supply chains.

The industry includes, for example, the design, manufacture and assembly of watches, jewelry, gold and silversmith’s goods, as well as the wholesale and retail trade in gemstones, precious metals, pearls, watches and jewelry through specialist and jewelry stores and online shops. It has a transformational role, among other things, in the circular economy to produce long-lasting and reusable products as well as in ensuring fair supply chains.