This rise in ethical consumption and choosing gold from responsible sources shows no signs of abating.
The impact of the coronavirus pandemic and climate change have placed more pressure on farmers, miners, and workers in some of the world’s lowest-income countries. These conditions have led to a boom in global consciousness and in consumer demand for ethical products and materials, such as Fairtrade certified gold products.
As sustainable grocery shopping has moved from being a niche market into an area of big spend, we are increasingly asking questions about where our gold comes from too.
Buying Fairtrade gold means that jewellers and consumers can be reassured that artisanal and small-scale miners are getting a fairer deal. Fairtrade Standards require that the Fairtrade Minimum Price for gold is paid, which can support miners with more financial security. The Fairtrade Standards also include strict requirements on working conditions, health and safety, handling chemicals, women’s rights, child labour and protection of the environment including water sources and forests.
Is there a Fairtrade Premium when purchasing gold produced in this way?
Put simply, yes, but the costs are far outweighed by the ethical benefits. The extra money accrued is used to invest in building the future of miners’ families and communities, through education, clean water, and healthcare initiatives.
To find out more about Fairtrade Gold visit www.fairtrade.org.uk
Betts Group is FLOCERT accredited to process Fairtrade gold. FLOCERT is an independent body that ensures producers and traders comply with the FLO International Fairtrade Standards.
Only Fairtrade certified items can be Fairtrade stamped. They include Fairtrade gold jewellery, ingots, coins, trophies and medals.
Betts Metals is also the only UK refinery to have been audited and accredited to process Fairtrade gold. Our FLO ID: 26139
We produce a wide selection of Fairtrade gold round and shaped wires, including most alloys and sizes, and we can also draw down stocked product or manufacture other products on request.
Betts Group is the oldest surviving precious metal refining and dealing business in the UK.
Although we have evolved into a much more diverse business with interests in investments and waste management, our core ethos of integrity and quality of service, and our focus on precious metal expertise remain the cornerstones of our brand.
The knowledge and skill we have developed over 260 years is unrivalled and we are continually exploring innovative and pioneering approaches to enhance our proposition to our customers.
We specialise in a range of sustainable options, including Fairmined, Single Mine Origin (SMO) gold and recycled precious metals. Our team is on hand to guide you through, making your considered jewellery choices that bit easier.
For more information
To send us your enquiries email [email protected], or if you'd rather speak to us in person feel free to call us on 0121 233 2413.