The World Jewellery Confederation (CIBJO) is recommending a new definition of \u201crecycled gold\u05f4 to be used in the jewellery and watch sectors, so as to provide greater clarity and consistency both within the industry and marketplace. CIBJO will henceforth include the definition in the guidance documents it produces.<\/p>\n
The definition, which covers recycled materials recovered during manufacturing and fabrication processes before being sold to consumers, and also gold recovered from materials after they have been sold to consumers, was developed through extensive discussions among industry experts. It is designed to set stricter criteria for secondary and circular gold supplies, and aims to improve the identification of inputs and outputs in the gold refining and fabrication processes, as well promoting transparent and responsible sourcing.<\/p>\n
The full text of the new definition follows the press release.<\/p>\n
CIBJO acknowledged the contribution made by the International Standardisation Organization (ISO) in creating a draft of the definition, as part of a wider standard ISO was developing for responsibly sourced gold, a project in which CIBJO was an active participant.<\/p>\n
\u201cThere has been growing confusion about the different names and labels for re-refined gold,\u201d explained CIBJO President Gaetano Cavalieri. \u201cThe new definition provides a clear statement and set of criteria for recycled gold, which is more stringent than definitions for many other materials. The industry needs a clearer definition to avoid consumer confusion and greenwashing, and to enhance trading practices and supply chain transparency.\u201d<\/p>\n
The new definition has already being accepted as a substantial improvement by leading jewellery industry participants and associations, and key industry bodies like the London Bullion Market Association (LBMA) and the World Gold Council (WGC) are considering how to incorporate the main elements of this definition into their guidance and responsible sourcing practices. For its part, the Responsible Jewellery Council (RJC) has already included a definition based on the same criteria in its updated Chain of Custody standard.<\/p>\n","protected":false},"excerpt":{"rendered":"
The World Jewellery Confederation (CIBJO) is recommending a new definition of \u201crecycled gold\u05f4 to be used in the jewellery and watch sectors, so as to provide greater clarity and consistency both within the industry and marketplace. CIBJO will henceforth include the definition in the guidance documents it produces. The definition, which covers recycled materials recovered…<\/p>\n","protected":false},"author":1,"featured_media":30599,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-30598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n