MODERN ANTI-SLAVERY AND HUMAN TRAFFICKING TESTIMONY

Luxe is inspired by infusing Exquisite Joaillerie with Haute Horlogerie, an integrated diamond, watch making and jewellery business. Our operations comprise the design, manufacture, modifications and retail distribution of high and ultra-high-end jewellery and watches. In addition, through our procurement and polishing division we source, cut and polish rough diamonds primarily for use in our retail operations.

Whilst the diamond industry has in the past been associated with conflict and exploitation, the industry has undertaken necessary due diligence to provide ethical pathways, most notably in the form of the Kimberley Process, certifying all diamonds originate from conflict free zones.

Luxe has always been at the forefront of such developments and is committed to acting in an ethical and responsible manner in all its business endeavours. We do not tolerate slavery, servitude, forced or compulsory labour or human trafficking either within our business or within our supply chains. We expect all members of our supply chain to share the same values and adhere to the same best practice guidelines to ensure that no such forced labour exists within their business or their own supply chains.

Through our in-house procurement and polishing division, we are conscious that with an extensive supply chain with wide geographical reach, more can always be done. Whilst we would never knowingly engage with a supplier involved in forced labour, we recognise that such a supplier would take steps to conceal the true position, meaning that continued vigilance is always necessary.

We have therefore developed a Code of Conduct which has been distributed to all new and existing suppliers affiliated with Luxe. This Code of Conduct rejects the use of forced labour. We expect our suppliers to comply with the Code of Conduct and to place similar expectations on their supply chains.

The Code of Conduct sets out our right to audit compliance by inspecting facilities and interviewing staff members (a practice we already undertake on a regular basis as part of our existing procurement and due diligence processes when engaging a new supplier) as well as our right to review records, policies, and practices.

This will facilitate our ongoing due diligence processes and allow us to identify issues of concern. All these processes have been further developed and enhanced during the financial year ended 31 January 2023, to which this statement relates.

If we identify or suspect non-compliance with the Code of Conduct, we will work with the relevant supplier to ensure that immediate remedial action is taken to address the situation, failing which to discontinue affiliation with the supplier in question.

Our commitment across all Luxe affiliates ensures no forced labour within our supply chains is ongoing. Our plans include further training for staff and development of our due diligence procedures, both when we engage a new supplier and on an ongoing basis in respect of our existing suppliers.