On October 9, 2024, SCS Global Services, a global leader in third-party sustainability certification, and iTraceiT, a leading provider of traceability solutions for the diamond and jewelry sector, announced a collaboration to develop the first hybrid sustainability and traceability certificate for diamonds and jewelry. This new certificate will integrate SCS's Sustainability Rated Diamonds Certification data with iTraceiT's traceability technology to provide detailed information about the origin, journey, and sustainability impact of diamonds and other jewelry components across the supply chain. The project is already in progress, with the final certificate expected to be released in 2025.
This collaboration aims to address the growing consumer demand for understanding the full lifecycle of the products they purchase, including their social and environmental impacts. The combined expertise of SCS and iTraceiT will help retailers and brands offer consumers clear and verifiable sustainability information.
"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," said Matt Rudolf, CEO of SCS Global Services. "By working with iTraceiT, we’re helping the diamond and jewelry industry meet those expectations by offering clear, credible insights into the sustainability of all jewelry components."
The partnership represents a significant move towards greater transparency and sustainability in the diamond and jewelry industry. As global consumers increasingly prioritize ethical purchasing, SCS and iTraceiT are working to create a more responsible supply chain.
Frederik Degryse, CEO of iTraceiT, highlighted the importance of this partnership, stating, "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."
About SCS Global Services
SCS Global Services is a leader in third-party environmental and sustainability verification, certification, auditing, testing, and standards development. The company's programs span across industries such as climate mitigation, green building, product manufacturing, food and agriculture, forestry, and consumer products. Headquartered in Emeryville, California, SCS has been in business for 40 years and operates globally, with offices throughout the Americas, Asia/Pacific, Europe, and Africa. The company is a chartered Benefit Corporation, committed to socially and environmentally responsible business practices, and is a participant in the United Nations Global Compact.
About iTraceiT
iTraceiT offers blockchain-based traceability solutions for the diamond, jewelry, and fashion industries. The platform documents the origin and journey of products to ensure transparency, trust, and accountability throughout the supply chain. For more information, visit iTraceiT.
This partnership between SCS Global Services and iTraceiT is expected to make a meaningful impact on sustainability efforts within the diamond and jewelry industry, responding to increasing consumer demand for ethically sourced and environmentally friendly products.