Fairmined precious metals launch in North America

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ARM dubs availability a "monumental achievement" for industry.

Fairmined precious metals have officially launched in North America through FairSources, a joint venture between the Fair Trade Jewellery Company of Canada and S&P Trading.

The availability of Fairmined gold in the North American market has been described by the Alliance for Responsible Mining (ARM) as "a monumental achievement not only for the fair jewellery movement, but for artisanal and small-scale miners globally".

FairSources is the first authorised trader of Fairmined gold in America. The launch is said to merge one of the world’s largest consumer markets for fairly traded goods with one of the world’s largest markets for jewellery.

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The Fairmined gold available in the US and Canada will support the livelihoods of mining communities in Peru, Sotrami and Aurelsa as well as the Cotapata Cooperative in Bolivia.

FairSources will offer Fairmined casting grains gold from Sotrami, Aurelsa and Cotapata in 18ct yellow and white gold and nickel-free white gold with palladium, plus 14ct yellow and white gold. The silver and palladium used in the alloys are from consumer recycling sources.

In addition to casting grain FairSources will provide the industry with semi-mounts and wedding bands for jewellery retailers as well as white-label contract manufacturing for chains and brand holders.

The executive director for the Alliance for Responsible Mining, Lina Villa Cordoba, said: “For several years North American jewellers have been working to make Fairmined gold available to their markets. The recent arrival of the gold is a great achievement that offers artisanal small miners the opportunities they deserve for sustainable livelihoods and ensuring them that their diligent efforts to mine in a socially and environmentally responsible manner will be recognized and rewarded.”

Ryan Taylor, the co-founder and chief designer at the Fair Trade Jewellery Co described the initiative as an important step that makes sourcing easier for all jewellers.

He stated: “Our goal has always been to expand market access for responsibly sourced minerals. With ARM’s new Fairmined standard, we can continue our mission using their expansive framework for licensing. In the end it’s really about helping these mining communities and making consumers feel confident about
 

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