Fairtrade and Fairmined Gold
The news of Cred ceasing trading has been a surprise to many of us and we’d like to acknowledge the pioneering work of Cred and the incredible achievements and commitment of Greg Valerio, Alan Frampton and the Cred team in bringing about and sourcing Fairtrade Gold for the UK market. We know this has an impact on UK jewellers working with Fairtrade Gold and appreciate that the supply challenges facing Cred were partly due to mining organisations seeking greater order quantity and consistency.
The good news is that there is ongoing availability of Fairtrade Gold in Peru and Europe and European players in the supply chain have the mechanism for purchasing in sufficient quantities – just not a current distribution chain in place with UK suppliers. The Fairtrade Foundation is in ongoing discussions with a range of new traders to facilitate bringing increased volumes of Fairtrade Gold to UK manufacturers and we hope to host a session early in the New Year with Fairtrade once these arrangements are confirmed to share information and answer questions.
In the short term Fairtrade Gold is available from existing registered UK suppliers, click here for details. In addition, Fair Ever (formerly Traid Gold), a German trader with a UK distribution network already in place, has good volumes of semi-finished materials in Fairtrade Gold on their website available to buy. You can visit their site here.
We also have an update from ARM confirming that there is a good and consistent supply of Fairmined Gold in the UK, through Vipa Designs and Betts Metals. Click here to access details of global suppliers from the Fairmined website. The 8 Fairmined certified mining organisations in Peru, Colombia and Mongolia are producing stable quantities of around 35kg gold a month with 5 more coming on stream in the next year or so.
We know there are challenges in balancing certified gold supply and demand, particularly with the artisanal nature of both ends of the supply chain, but as you can see, the big picture is positive and we’ll continue working to build commitment from our industry, increase awareness and demand for responsibly sourced gold which in turn creates an even stronger environment for a sustainable certified gold supply.