Minister for Crime Prevention supports new cash-for-gold measures.

Minister for Crime Prevention and Antisocial Behaviour Reduction Lord Henley has publically backed the new industry-generated voluntary scheme to regulate cash-for-gold sales, The Gold Standard.

Lord Henley praised the collaboration between the National Association of Goldsmiths (NAG), British Jewellers’ Association, National Pawnbrokers Association and Surrey Police, and applauded the steps outlined in the Gold Standard.


He said: “This initiative will really help to reduce the chance of jewellers unwittingly buying or selling stolen goods, and provide greater confidence to people who want to sell items on to trusted dealers. It is a good example of what can be achieved when business and police work together to cut crime in the communities in which they operate.”

NAG chief executive Michael Hoare said he was glad that The Gold Standard “is getting the praise it rightly deserves” by way of commendation from Lord Henley.

He added: “It’s not often that many groups will come together to form such a collaboration with the police – and for that reason alone, this is a move in the right direction. For some of us the recommendations might seem time consuming or a costly burden on the jeweller – however, our industry must aspire to the highest of standards to ensure we’re seen as reputable. It’s clear from Lord Henley’s comments that this code of conduct certainly shows this is the case.”

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