CIBJO announced an updated definition following discussions among jewellery and watch industry experts and confirmed it would be included in official guidance documents.
The new definition aims to improve the identification of recycled gold sources and enhance transparency in the supply chain. The term ‘recycled gold’ has previously been associated with greenwashing.
“There has been growing confusion about the different names and labels for re-refined gold,” said CIBJO president Gaetano Cavalieri.
“The 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.”
According to the new definition, ‘pre-consumer’ recycled gold is gold obtained by refining materials generated during manufacturing or fabrication.
That may include melted scraps, sweeps, solutions, wastewater treatments, manufactured materials, products, components and alloys that can no longer be used for their original purpose.
Conversely, ‘post-consumer’ recycled gold is gold that comes from refining products sourced from individuals, organisations or industrial facilities in their role as end users of the products.
This may include jewellery products and components, electronic and industrial components, dental scrap, monetary or collectible coins, and returned products from the gold supply chain.
Organisations such as the London Bullion Market Association and the World Gold Council are reportedly considering adopting these definitions in responsible sourcing guidelines.
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