Precious metal refiner Presman Mastermelt has donated £50,000 to the Silversmiths & Jewellers Charity’s (SJC) COVID Hardship Fund.
The company is a longtime supporter of the charity, which was set up in collaboration with the Goldsmiths’ Company.
The fund was created in a bid to aid individuals struggling during the coronavirus pandemic.
It offers one-off grants of £750 to anyone from the trade who is struggling financially because of the effects of the pandemic.
Presman Mastermelt expressed its hopes that other companies fortunate enough to turn a profit in 2020 would consider helping persons who have struggled.
Mastermelt’s general manager, Gary Williams, explained: “Although today most of our profits are generated by reclaiming precious metals on behalf of industrial companies across the globe, when our chairman Robert Davis first started, he worked only with the jewellers in Hatton Garden and has never forgotten the trust and support they gave him whilst he was trying to establish Mastermelt back in the 1980s.
“With lockdowns and COVID restrictions affecting everyone, the Mastermelt directors were very concerned with how difficult life is for many people across the trade and decided they wanted to do something tangible to help.
“The board unanimously agreed to donate the substantial sum to the SJC, who will distribute the funds to those who desperately need some extra help to survive.”