Michael Allchin writes about issues facing precious metals in 2012.
The World Jewellery Confederatyion (CIBJO) has released a special report focused on precious metals ahead of its 2012 congress next month, focused on chain of custody issues, amendments to precious metal legislation as well as concerns over the use of toxic chemicals in precious metals.
The report is the fourth in a series from CIBJO that have included foci such as diamonds and coloured gemstones, published during the past four weeks.
Birmingham Assay Office’s Assay Master and chief executive Michael Allchin has headed up the precious metals report.
He said: "Subjects that will be touched upon include international conventions on hallmarking, chain of custody issues through the distribution pipeline, amendments to precious metals legislation in various countries, a high level of prices in the marketplace at present, regulations concerning the use of toxic metals in jewellery, and precious metals fineness in CIBJO member countries.
"We also, of course, will discuss the [CIBJO] Precious Metals Commission’s work programme for 2012, and more specifically the mixed metals amendment to the Precious Metals Blue Book. The Special Report provides a summary and preparation for the some of the subjects that will be discussed in depth in Vicenza.”
The report will cover the US’s Dodd-Frank Act, the Responsible Jewellery Council, Fairtrade Fairmined gold and issues facing South Africa as a mining country.