Jewel & Jewel

In an ad that ran in the Washington Post, Tiffany and Co. gave the U.S. Congress kudos for passing legislation that would ban the importation of all gemstones from Myanmar (formerly Burma) into the United States, including those that were processed in a third-party country.

Federal lawmakers had already passed legislation in 2003 that embargoed gemstones from Myanmar as a response to human rights violations by the government’s ruling military junta, which profits from state-run gem auctions. But the new legislation closes a U.S. Customs loophole that allowed the Burmese stones into this country if they were processed somewhere other than Myanmar, such as Thailand, which is known for cutting gemstones and using them to manufacture jewelry.

An estimated 90 percent of the world’s rubies originate in Myanmar and are known in the trade as “blood rubies.”

Tiffany and Co., in accordance with its corporate standards and practices, stopped the purchase of all rubies mined in Myanmar in 2003, and has continued its moratorium on Burmese rubies since then, despite the loophole.

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