Human Rights Policy

We, CERISE DIAM LIMITED, recognize our responsibility to respect human rights. We believe that our business has a role to play in protecting and promoting human rights.

CERISE DIAM LIMITED is committed to respecting internationally recognized human rights throughout our operations and supply chains. In line with the UN Guiding Principles on Business and Human Rights, our Policy is based upon the international standards enshrined in the Universal Declaration of Human Rights and the International Labour Organization’s (ILO) Declaration on Fundamental Principles and Rights at Work.

Human rights refer to a set of basic rights and freedoms that belong to every person in the world, regardless of where they are from, what they believe, or how they choose to live their life. It is a broad concept, with economic, social, cultural, political, and civil dimensions. For CERISE DIAM LIMITED, respecting human rights means ensuring that any person involved in, or coming into contact with, our operations, supply chains, and products is treated with dignity, respect, fairness, and equality.

Our Policy sets out overarching principles for how we conduct business at CERISE DIAM LIMITED. Together with our employees and business partners, we are committed to driving forward the implementation of this Policy throughout our operations and supply chains. We recognize unique challenges to these standards may arise, and we will work to address these challenges in partnership with relevant partners and stakeholders.

ETI Base Code as a reference as well as the RJC COPs related to labour rights, working conditions, and health & safety:

• 1. Employment is freely chosen
• 2. Freedom of association
• 3. Working conditions are safe and hygienic
• 4. Child labour shall not be used
• 5. Living wages are paid
• 6. Working hours are not excessive
• 7. No discrimination is practiced
• 8. Regular employment is provided
• 9. No harsh or inhumane treatment is allowed

CERISE DIAM LIMITED will continuously work to embed this Policy throughout the relevant processes and procedures of the company to ensure its effective implementation.

We recognize that we must take steps to identify and address any actual or potential adverse impacts, whether they are directly or indirectly linked to our business activities or relationships.

We understand that human rights due diligence is a dynamic, ongoing process that requires acting on the findings, tracking our actions, and communicating to our stakeholders how we address impacts.

As our human rights risks and impacts may vary over time, this policy will be subject to review if proven inadequate by our human rights due diligence process.

Policy Statement - Use of Supply Chain

The company shall complete the due diligence process prior to initiating a business relationship. The company shall purchase/sell diamonds that are fully compliant with the Kimberly Process Certification Scheme (KPCS).

The company shall ensure that all of its respective activities are in line with the OECD Due Diligence Guidelines, The Responsible Jewellery Council Standard, and the Universal Declaration on Human Rights laid down by the United Nations.

The company shall prohibit any procurement from Conflict-Affected & High-Risk areas and adhere to compliance with standards on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT).

Relevant employees shall be trained on the Supply Chain & Due Diligence Requirements and OECD guidelines at regular intervals. We shall also provide support to our business partners and stakeholders for the same.

The company shall carry out risk assessments for its supply chain and shall not enter into any business relationship or, if required, shall suspend/discontinue engagement with any supplier involved in dealing with Conflict-Affected and High-Risk areas. This includes any form of human rights violations, torture, cruel, inhumane, and degrading treatment, forced/compulsory labor, child labor, abuses such as widespread sexual violence, war crimes, other serious violations of international humanitarian law, crimes against humanity, genocide, or bribery. We strictly condemn and prohibit any direct/indirect support to public/private security forces which illegally control, tax, or extort money from mining sites, transportation routes, and upstream sectors.

The company shall verify counterparty details, including Know Your Customer (KYC) for any precious metals supplying counterparties at regular intervals. The company shall carry out risk-based assessments, set appropriate verification controls, and monitor all such commercial activities and transactions.

The company shall assign responsibility for Supply Chain Integrity and due diligence compliance to senior personnel of the organization to prevent any risk of illegal activities or breaches. The company shall implement a management strategy to respond to identified risks. For the same, the Compliance Officer shall report to Senior Management in case of any such violation of this policy.

The company has established a risk assessment module, and any business partners with a high-risk rating shall be red-flagged, with reports submitted to senior management.

Grievance Mechanism

The purpose of this document is to outline a process through which any stakeholder can understand the due diligence and supply chain integrity policy of the organization. The identity of the person registering a concern shall be kept confidential, and no retaliatory action shall be taken against any whistleblower. For anonymous submissions, you may refrain from providing your contact information.

Please share your Complaint/Grievance/Suggestion at: ashirwad_diamonds@yahoo.com

C. Grievance Mechanism

D. Identified & Assessed Risks

Strategy & Training and Capacity Building