Labour Lens

APM Monaco

Lacks transparency

Lacks transparency. Publishes some details, but doesn't show its workers are paid and treated fairly.

Jewellery & watches

Partly verified: what this means

Last researched 3 November 2026 · 6 sources

Monaco fashion jewellery brand selling sterling silver pieces.

There's no proof APM Monaco pays more than the legal minimum, which in China is below a living wage, and it has no full independent audit.

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Why it's graded Lacks transparency

  • Not met: Meets 2 of 6 Good requirements.
  • Holds the grade back: It has 3 red flags, 2 of which set the grade: no evidence of a living wage and unaudited production in high-risk countries. Two or more red flags means a poor grade.
  • It isn't Harm on record, because there's no serious confirmed problem on its record.
  • Lacks transparency is still a poor grade: in supply chains like this, workers who can't be seen to be treated fairly are usually underpaid or unprotected.

How grades are decided

Good requirements 2 of 6

  • Not met: Pays a living wage, or holds a strong fair-pay certificationLiving wage: no evidence
  • Not met: Respects worker rightsMost of its products are made in China, where unions are heavily restricted, and it has no full supply chain audit.
  • Not met: Supply chain independently audited or certified, or at least 80% made in countries with strong labour standards
  • Met: No child or forced labour findings or links
  • Met: Names the factories or farms that make its products, or is fully certified by a scheme that holds and audits that listMakes its products in its own factories
  • Not met: Conflict-free: diamonds, gems and gold traced to the mine, lab-grown, recycled or Fairmined (the Kimberley Process alone isn't enough)

Red flags 3

  • Red flag: No evidence it pays a living wage
  • Red flag: Made mostly in countries with poor worker rights, without a full independent audit of its supply chain
  • Red flag: Relies on high-risk mined materials it can't traceShown to explain the grade. It isn't one of the 2 red flags that set it.
  • Red flag: Fails its category's raw-material check (means Lacks transparency)

Stars it would earn as Good

None yet. Stars only show on Good companies. About stars

Where it's made

From APM Monaco's own disclosure: it makes its products in its own factories.

Where it's made, and conditions there
CountryWorker rightsLegal minimum wageForced labour risk
ChinaNo guarantee of rightsBelow a living wageModerate

Evidence

What we found

  • Risk across the industry, not a finding about this company: gold and gemstone mining are linked to child labour, forced labour and mercury poisoning.
  • Owns or runs its own production
  • Relies on gold and gemstones from artisanal mines where workers face mercury poisoning, silica dust and deadly collapses. It hasn't shown any steps to trace these materials to the mine, so it's graded Lacks transparency until it does.

Research notes APM Monaco says it owns all the production sites where its jewellery is made; it moved production to China in 1992 and also has a Vietnam subsidiary whose role is not stated. Its only certification is ISO 9001, it is not an RJC member, and its supplier code of conduct is not public. It says one line, APM Alloy, is 95% recycled, but gives no recycled share for its silver and publishes no factory audits, wage data or living wage commitment. Good On You rates its people practices 'Very Poor' (January 2026).

What independent sources say

SourceResultDetails
Australian Modern Slavery RegisterUnclearNo Australian modern slavery statement from APM Monaco was identified, despite its Australian boutiques. View
Business & Human Rights Resource CentreUnclearNo labour abuse allegations involving APM Monaco's factories were identified. View

Sources and actions

Sources 6

Show all 6 sources
  1. Good On You - APM Monaco · search the archive · People rated 'Very Poor' (1/5); final production in high-risk country; no living wage evidence; code not public (January 2026).
  2. VietnamWorks - APM Monaco Vietnam Co., Ltd · search the archive · Company profile: production facilities in China, operational HQ in Hong Kong; Vietnam subsidiary listed.
  3. Westfield Bondi Junction - APM Monaco sustainability and ethics · search the archive · APM Monaco store on Level 3 at Westfield Bondi Junction, Sydney.
  4. Wikipedia - APM Monaco · search the archive · Founded 1982 in Monaco by Ariane and Philippe Prette; TPG-led consortium took about 30% in 2019

Published by APM Monaco or its owner

  1. APM Monaco - Sustainability & Ethics · search the archive · Owns all production sites where its jewels are made; ISO 9001 certified; supplier code of conduct; APM Alloy 95% recycled; no audits or wages given.
  2. APM Monaco - The brand · search the archive · Every piece made by hand in its ateliers; founded 1982 by Ariane and Philippe Prette; masters every stage of production.

Company details

Owned by
Privately held by the Prette family; TPG Capital took a 30% stake in 2019
Employees
About 2,300
Last researched
3 November 2026
Cite this page
Labour Lens, "Is APM Monaco ethical? Labour rating", https://www.labourlens.net/brand/apm-monaco, last researched 3 November 2026, accessed [date].
Method
Researched with AI assistance against published rules. How we check · What Lacks transparency means

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