The Responsible Jewelery Council (RJC) and the Alliance for Responsible Mining (ARM) announced the official recognition of version 2.0 of the Fairmined Standard v.2.0 (Standard for Fair Gold Mining) under the RJC Standard for Social Responsibility in the supply chains (Chain-of-Custody Standard, CoC) for precious metals.
To attract more artisanal industries to work within this standard and to ensure a steady increase in the volume of gold certified on this standard on the market, Fairmined Standard offers brands three certification schemes that ensure traceability of compliance of certified products to a standard up to a certain stage of the supply chain.
The Labeled scheme presupposes control up to the final consumer goods, Incorporated - until the gold is refined, and an additional supply scheme is provided for those who are not ready to include the standard in their supply chain, but want to contribute to the development of responsible handicraft production.
The fair extraction standard is the fundamental guide for the artisanal and small-scale gold mining sectors. The adoption of this RJC standard aims to further attract artisanal industries to work on the Fairmined Standard, and also notes the innovative work of ARM in creating this important for the sector program.