Jewellery industry backs plans to introduce Fairtrade gold standard
22 September 2010 | By James Knowles
The jewellery industry has backed plans to introduce certified Fairtrade gold on February 14 next year, citing rising concern among consumers over environmental and social issues leading to increased demand for Fairtrade goods.
The Fairtrade Foundation and Alliance for Responsible Mining (ARM) have collaborated on a joint venture to introduce certified fair-trade gold for the first time in 2011, to protect the rights of miners and maintain the environment. The new system will give mines the opportunity to apply for recognised Fairtrade status, and retailers the chance to offer consumers certified gold for the first time. Applicant mines will be visited by independent certification auditor Flo-Cert, to ensure the mine is compliant with the Fairtrade standard. The Foundation is also currently in talks with the Assay Office to develop a Fairtrade ‘jewel-stamp’ that will sit next to traditional hallmarking and prove validity.
Greg Valerio, Fairtrade Foundation business development manager said the introduction will increase transparency, and allow retailers to prove to customers that their gold comes from a Fairtrade source. He said: “This is the first time there has been a Fairtrade gold standard. Right now there isn’t any traceability, and jewellers don’t know where their gold has come from. Having a certified gold source will reassure customers and add value to retail jewellers’ businesses.”
Jewellery retailers and brands have backed the move, due to increased political awareness among the public on green issues leading to greater demand for Fairtrade products.
Christian Cheesman, director of Cred Jewellery, which has two stores in London and ten stockists, echoed this. He said: “It’s essential we take responsibility for the impact of our sourcing and as an industry the potential benefit we could deliver through ethical and Fairtrade sourcing are vast.”
He added: “We’re busier than ever and finding a lot more people who are ethically conscious and want to make a positive choice, particularly with engagement and wedding rings.”







