RJC inks MoU with Swiss Industry

Initiatives to promote sustainability and responsible

Business practices in the jewellery supply chain

MoU focuses, Industry to scale the supply of

responsible gold from Artisanal Small Miners (ASM)

to Switzerland from Peru, Bolivia and Colombia

A Memorandum of Understanding (MoU) has been signed by the Swiss Better Gold Association (SBGA), the Better Gold Initiative for ASM (BGI), Max Havelaar-Foundation (Switzerland) (MHCH) for Fairtrade, and the Responsible Jewellery Council (RJC).

By acting together, the parties are embracing the opportunity to significantly increase the volume of ASM gold to the market, and thus advance the economic and social wellbeing of ASM and mining communities in Peru, Bolivia and Colombia.

The positive impact of the collaboration far exceeds that which any one organisation could achieve acting alone. The agreement recognises that greater co-operation is in the best interests of all parties, including the ASM. When carried out responsibly, the potential for the ASM gold sector to be a powerful driver of community based and environmentally sound development in some of the poorest places in the world has been clearly demonstrated.

A necessary step towards a socially responsible and ecologically sound industry is the legalisation/formalisation of mining operations to improve their efficiency and productivity and to meet social and environmental operating standards.

Wanting to improve the situation of ASM, the BGI for ASM was set up in 2013 with support from the Swiss State Secretariat for Economic Affairs (SECO). In a statement from SECO, Monica Rubiolo, Head of Trade Promotion, congratulated the parties’ signing of the MoU saying, “I am convinced that this is an important step towards a more strengthened collaboration in the field, which will benefit the artisanal and small-scale miners in Peru, Colombia and Bolivia.”

Collectively the parties will support the production of five (5) tons of responsibly produced gold and its entry into ‘ethical’ gold markets by 2020. The public-private partnership has developed compelling incentives for responsible ASM to participate in certification for at least half (2.5 tons) of the gold produced while the SBGA/BGI programme of work will support the formalisation of up to 50 artisanal mining operators.

Fabian Waldmeier, Director of International Cooperation at MCHC, working to promote Fairtrade products to the Swiss market, also commended the agreement saying, “The signing of the MoU marks an important cornerstone for our work in gold as we believe that collaboration is needed to expand the reach and hence the impact of all the different initiatives working in the ASM gold sector including ourselves.”

The agreement will enable the parties to communicate a coherent and collective vision to the “downstream” market of the importance of, and means by which, to develop responsible ASM. Laurent Favre, SBGA President added his endorsement saying, “This agreement sets a solid basis for dialogue and collaboration both on the corporate and the field levels; a collaboration which will primarily benefit artisanal and small-scale miners, the ultimate beneficiaries of all our efforts”.

Andrew Bone, Executive Director of the RJC said, “We are pleased to have signed this MoU with SBGA, the Better Gold Initiative for ASM and Max Havelaar-Foundation (Switzerland) for Fairtrade. Through this collaboration, we will work closely with these organisations to promote sustainability and ethical business practices in the jewellery supply chain.

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. We are looking forward to a rewarding and mutually beneficial collaboration between our organisations.”