At Lycia, we are dedicated to ethical practices and sustainability in the jewellery industry. We ensure all our diamonds and gemstones are ethically sourced and conflict-free, complying with the Kimberley Process Certification Scheme (KPCS) and more.
Our manufacturing processes prioritize eco-friendly practices to minimize our environmental impact, and we advocate for fair trade and labour practices to support safe working conditions and fair wages.We engage in community development and philanthropic efforts, supporting local artisans and educational programs to enhance the quality of life in the communities we serve.
Transparency and accountability are integral to our operations, providing our clients with detailed information about the origin of their jewellery pieces, fostering trust and confidence.Our commitment to social responsibility is matched by our dedication to excellence in craftsmanship and service.
We continuously review and update our policies to align with evolving ethical and sustainable business standards, ensuring our practices contribute positively to society and the environment. For more information, please contact us.
Lycia, Crafting Fine Jewellery with Integrity and Care.
Anti-Money Laundering (AML) regulations are pivotal in upholding the integrity of financial systems and combating illicit financial activities. By adhering to robust AML compliance measures, financial institutions and other entities play a crucial role in preventing and detecting money laundering, thus enhancing the transparency and security of the global financial system..
These regulations require Lycia to conduct thorough Customer Due Diligence (CDD), employing Know Your Customer (KYC) procedures to verify identities and assess the legitimacy of funds. Additionally and mandatorily, Lycia implements effective transaction monitoring systems to identify suspicious activities and promptly report them to relevant authorities.
Through these measures, AML efforts not only disrupt the financial infrastructure of terrorist and criminal organizations but also contribute to broader efforts to combat terrorism financing and organized crime. By choking off the financial resources that sustain these groups, AML regulations play a crucial role in safeguarding national security and promoting stability within communities and across borders.
The Kimberley Process (KP) stands as a pivotal international initiative aimed at preventing the trade in conflict diamonds, which are rough diamonds used to finance armed conflict against governments around the world. Established in 2003, the Kimberley Process Certification Scheme (KPCS) brings together governments, the diamond industry, and civil society organizations to implement rigorous controls over the production and trade of rough diamonds. The primary objective of the KP is to ensure that diamonds are ethically sourced and do not contribute to human rights abuses or armed conflict.
Under the Kimberley Process, participating countries commit to implementing strict regulations to prevent the entry of conflict diamonds into the legitimate diamond trade. This involves establishing robust monitoring systems to track the movement of rough diamonds from their point of origin to their final destination. Each diamond must be accompanied by a Kimberley Process certificate, providing assurance that it has been sourced from conflict-free areas and adheres to the ethical standards set forth by the KP.
The Kimberley Process has made significant strides in curbing the flow of conflict diamonds and promoting responsible diamond sourcing practices globally. By fostering transparency and accountability throughout the diamond supply chain, the KP has helped to restore consumer confidence in the diamond industry and protect the livelihoods of millions of people employed in the legitimate diamond trade. Despite its achievements, the Kimberley Process continues to evolve to address emerging challenges and ensure that diamonds continue to be a source of economic development and prosperity for diamond-producing countries while upholding human rights and peace.
Sustainability and ethics are the pillars of our fine jewellery business. Our eco-friendly manufacturing processes minimize environmental impact, reflecting our commitment to responsible practices.
We solely partner with companies with the highest fair trade and labour standards, guaranteeing safe working conditions and fair wages throughout our supply chain. Companies supporting local communities and engaging in philanthropic efforts, we strive to create a positive social impact. Transparency and accountability guide our operations, providing clients with clear, trustworthy information about the origins of their jewellery.
Our dedication to sustainability and ethics is unwavering, driving our pursuit of excellence in craftsmanship and service. We continually update our practices to align with global standards, ensuring our contributions benefit both society and the environment.
We believe in creating opportunities for local artisans and fostering economic growth through sustainable business practices. By investing in community development initiatives, we aim to build strong, self-sufficient communities. Transparency and accountability are fundamental to our approach, ensuring our clients are informed about the positive social impact of their purchases.
Our dedication to community empowerment is reflected in our commitment to excellence in both craftsmanship and service. We continually seek ways to enhance our support for local communities, ensuring our business practices contribute to their long-term prosperity.
