Panerai

• Risk across the industry, not a finding about this company: gold and gemstone mining are linked to child labour, forced labour and mercury poisoning.
• Responsible Jewellery Council certified: Industry code for jewellery businesses covering human rights and responsible sourcing. Its Chain of Custody standard traces materials; the basic certification does not. Source
• Owns or runs its own production
• Modern slavery statement
• Uses high-risk raw materials such as tanned leather, mica or artisanal gold.
• "Made in Switzerland" only means the last major stage happened there: under customs and consumer law, watch movements, cases and dials, and cast or set parts can be made elsewhere. It hasn't shown where those earlier stages happen, so where it's made counts towards On Track but not Good.
• It is Responsible Jewellery Council certified, but its stones and gold aren't traced to the mine. The Kimberley Process only covers diamonds that fund rebel wars, not abuses by governments or forced labour.

Research notes Panerai makes movement components, assembles movements and finishes its watches at its own manufacture in Neuchâtel, Switzerland, where about 250 people work. It has been an RJC member since 2012, holds RJC Code of Practices certification to January 2029 and Chain of Custody certification from June 2026, and promotes recycled eSteel in some models. Richemont runs risk-based SMETA audits of suppliers, but Panerai publishes no supplier list, audit results, mine-level tracing of gold or other materials, origin of its leather straps, or living wage commitment.