The Responsible Jewellery Council (RJC) has entered into a collaboration that, it claimed, will significantly increase the volume of artisanal-mined gold in the market.
The organization signed a memorandum of understanding with the Swiss Better Gold Association, the Better Gold Initiative for ASM (artisanal small-scale miners), and the Max Havelaar Foundation (Switzerland) for Fairtrade.
Under the agreement, the four trade bodies will support the production of five tonnes of responsibly sourced gold by artisanal small-scale miners in Peru, Bolivia and Colombia, which will be introduced into the market by 2020.
“Through this collaboration, we will work closely with these organizations to promote sustainability and ethical business practices in the jewelry supply chain,” Andrew Bone, executive director of the RJC, said last week. “Together we can leverage each other’s knowledge and expertise regarding the challenges and issues the industry faces to instill a responsible supply chain and promote consumer confidence in the watch and fine-jewelry industry.”
Image: Gold jewelry.