SUSTAINABILITY: New Standards for Precious Metals

a speech by Filippo Finocchi

Title: Our Common Future - Brundtland Report

Author: World Commission on Environment and Development

Year: 1987

For the first time, the report identifies Sustainability as:

The condition of a development capable of "ensuring the satisfaction of the needs of the present generation without compromising the possibility of future generations to realize their own"

 

Precious Metals

 

 

Supply and Demand: Gold

 

 

Supply and Demand: Silver

 

 

Supply and Demand: Platinum

 

 

Supply and Demand: Palladium

 

 

Supply and Demand: Rhodium

 

 

Supply Sources:

Mining

Refining

Grandfathered

Kinf of Mines

Open Pit Mine

Underground Mine

Artisanal Mine

 

Recycled Sources from Refining

Industrial Scraps

Jewelry Scraps

Disinvestments

Central Bank Sales

Electronic Scraps

 

Rules and Associations

 

 

Responsible Jewellery Council

 

 

Individual provisions of the COP

 

 

 

Overview of the RJC CoC Standard

 

 

 

Sustainability on Precious Metals

PROVENANCE CLAIM 

A documented claim made through the use of descriptions or symbols, relating to Precious Metals and specifically relate to their:

Origin – Geographical origin of materials, for example country, region, mine or corporate ownership of the Mining Facility/ies;

Source – Type of source, for example recycled, mined, artisanally mined, or date of production;

Practices – Specific practices applied in the supply chain relevant to the Code of Practices, including but not limited to, standards applicable to extraction, processing or manufacturing, conflict-free status, or due diligence towards sources.

Claims supported by evidence to avoid:

  • Greenwashing
  • Misleads consumers
  • Unfair to competitors who make legitimate efforts

 

All precious metals used by Legor Group S.p.A. are 100% RJC CoC compliant and 100% from recycled sources (Au, Ag, Pt, Pd, Rh)

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