The Responsible Jewellery Council (RJC) entered into a collaboration that, will significantly increase the volume of artisanal-mined gold in the market, wrote Rapaport in a press release.
The organisation signed a memorandum of understanding with the Swiss Better Gold Association, the Better Gold Initiative for ASM (artisanal small-scale miners) and the Max Havelaar Foundation (Switzerland) for Fairtrade.
The trade bodies will support the production of five tonnes of responsibly sourced gold by artisanal small-scale miners in Peru, Bolivia and Colombia. It will be introduced into the market by 2020.
“Through this collaboration, we will work closely with these organisations to promote sustainability and ethical business practices in the jewellery supply chain,” said Andrew Bone, executive director of the RJC. “Together we can leverage each other’s knowledge and expertise regarding the challenges and issues the industry faces to instil a responsible supply chain and promote consumer confidence in the watch and fine-jewellery industry.”