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Leading Britain Casting Houses Offer Fairtrade Gold

Jul 28, 2014 10:19 AM   By Fairtrade Gold
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Press Release: Five of Britain’s leading casting houses supplying semi-finished gold product to the jewelry trade are proud to include Fairtrade gold and precious metals as part of their offering.

The landmark move means that everyone in the jewelry industry, large or small, can contribute toward bringing about transformational change to disadvantaged artisanal mining communities and reform the way the jewelry industry works, for the better.

Jewelers can now buy everything from sheet, wire, casting grain, tube to chain from Cred, Cooksons, Hockley Mint, Vipa Designs and Western Beamor  who are all offering some or all of their ranges in Fairtrade gold.  Significantly, all five companies also offer consumer-ready wedding collections, which are available in Fairtrade metals upon request.

All five suppliers are already registered with Fairtrade as master licensees to supply small jewelers, making Fairtrade gold simple and trouble-free for jewelers to incorporate into their ranges.

Reena Agarwal, the commercial account manager for Fairtrade gold, said, “This latest move allows Fairtrade gold to become a systemic part of the jewelry offering, making Fairtrade gold and precious metals available to everybody in the industry, whether large or small.

“It’s fantastic news that some of the most significant casting houses in the country are going to such great lengths to ensure availability of Fairtrade gold. Fair trade wants to enfranchise everybody in the benefits that Fairtrade can offer smallscale miners and this is a very important step towards doing just that,” Agarwal said. 

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·          Around the world, small scale mining employs about 15 million miners. As many as 100 million people depend on it for their livelihoods.

·          Fairtrade gold was first launched in 2011 in the U.K. closely followed by launches in Australia, Belgium, Canada, Denmark, Norway, Sweden, Netherlands, Japan and South Korea. Discussions are currently underway to introduce certified gold in the U.S. and Switzerland in the near future.

·          The Fairtrade Minimum Price for pure gold is set at 95 percent of the London Bullion Market Association’s (LBMA) fix plus a Fairtrade Premium of $2,000 per kilogram of fine gold bought from the mines. Platinum: 95 percent LMBA + Fairtrade Premium of 15 percent; silver: 95 percent LMBA + Fairtrade Premium of 10 percent. The LBMA fix is the international agreed price for gold. Artisanal and small-scale miners (ASM) producers in the mainstream get anything from 50 percent to 85 percent of the LBMA fix.

·          Miners can earn a premium of 15 percent on top of their sale price when they recover and process gold without the use of harmful chemicals such as mercury and cyanide.

·          Certified miners must use safe and responsible practices for managing toxic chemicals in gold recovery. Chemicals have to be reduced to a minimum and where possible eliminated over an agreed time period.

·          Child and forced labor is prohibited under Fairtrade standards and Fairtrade monitoring stamps it out wherever it is found.

·          The FAIRTRADE Mark is a certification mark and a registered trademark of Fairtrade International.  The Mark is licensed s on products which meet international Fairtrade standards. Today, more than 1.3 million people – farmers, workers and their families – across 70 developing countries benefit from the international Fairtrade system.




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Tags: ethical jewelry, fairtrade, Fairtrade Gold, gold, jewellery, u.k.
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