Public consultation as Fairtrade reviews gold

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Review proposed changes to standards and submit feedback by October 7.

The Fairtrade Foundation and the Alliance for Responsible Mining are reviewing the standards that govern the certification of Fairtrade and Fairmined gold, opening up those standards to public consultation.

The bodies said that the aim of the review is to “make adjustments to the existing standards using the experience gained since product first went on sale last year”.

The Fairtrade Foundation added that the review is designed to help increase the opportunities for disadvantaged miners by extending the standards beyond Latin America to include mining communities in Africa and Asia.

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Before a decision is made on how to alter the standards for the future, the Fairtrade Foundation and the Alliance for Responsible Mining is opening up the standards for public consultation. The consultation period will run until October 7.

Members of the jewellery industry who are interested in how the standards should evolve can review the proposed changes and submit feedback by clicking here and selecting the Gold Standard Review.

Fairtrade and Fairmined gold launched in 2011 in the UK, which is the second-largest European jewellery market, and is now used by more than 50 retailers and brands to create jewellery. The Fairtrade minimum price for pure gold is set at 95% of the London Bullion Market Association’s and producers in the mainstream get anything from 30% to 85% of the LBMA fix.

 

 

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